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Commerzbank describes the importance of letters of credit in Eastern and Western European trade

Eastern Europe remains a vital trading partner for Western Europe. But with the economy remaining volatile and with shifting trading patterns taking companies into less familiar territories, mitigation of non-payment risk is vital. In TFR, Per Fischer, head of financial institutions CEE, Russia, CIS, Baltics and Turkey at Commerzbank, explores the emerging trade flows between Western and Eastern Europe and finds the letter of credit a key risk mitigant.

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