Traduction de «Lettre de crédit commerciale » (Français → Anglais) :

5. Issuing and administering other means of payment (e.g. travellers' cheques and bankers' drafts) insofar as this activity is not covered by point 4.

The existing words in the bill indicate that this bank would be paying an amount to the pension fund in the event of a default under the terms of the letter of credit, and it's turned out that since the bill was originally tabled, we've discovered that in some cases the terms of default under which a letter of credit would be called upon may not be in the letter of credit but may be in other associated documents.

for short-term letters of credit arising from the movement of goods, a conversion factor of 20% shall apply for both the issuing and confirming institutions;

5. Issuing and administering means of payment (e.g. credit cards, travellers' cheques and bankers' drafts)

– Irrevocable standby letters of credit not having the character of credit substitutes,

4. Supports letter of amendment No 1/2008 to the preliminary draft budget (PDB) 2008 adopted by the Commission on 17 September 2007 and in particular the increases in commitment appropriations proposed for Kosovo (EUR 120 million) and Palestine (EUR 142 million) totalling EUR 262 million over the PDB figures; agrees, in the context of the 23 November conciliation, to appropriations of EUR 285 million for CFSP in the 2008 budget, notably in light of the forthcoming needs in Kosovo; demands that the Commission keeps the Parliament fully involved and informed in the implementation; supports letter of amendment No 2/2008 in its entirety, ...[+++]as part of the outcome of the 23 November conciliation;