Iraqi Sanctions and International Letters of Credit.

Discusses Office of Foreign Assets Control (OFAC) regulations that permit, under specified circumstances, payment of international letters of credit issued or confirmed by U.S. banks against Iraqi funds on deposit in those banks, despite a freeze on Iraqi assets. Provides information on nature of le...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 1993.
Series:	U.S. Congressional Research.
Subjects:	Banks and banking. Credit. Corporations, Foreign. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Discusses Office of Foreign Assets Control (OFAC) regulations that permit, under specified circumstances, payment of international letters of credit issued or confirmed by U.S. banks against Iraqi funds on deposit in those banks, despite a freeze on Iraqi assets. Provides information on nature of letters of credit and the various relationships involved therein.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.