2. 职称英语
  3. [originaltext] Back-to-Back credits consist of two entirely separate documen

[originaltext] Back-to-Back credits consist of two entirely separate documen

游客2025-06-19  0
问题  
Back-to-Back credits consist of two entirely separate documentary credits, but one credit may act as security for the other. They apply in transactions when actual suppliers and ultimate buyers deal through a middleman. If the supplier insists on a documentary credit, the middleman may apply to his bank for a credit on his behalf. If the middleman’ s bank is satisfied with his creditworthiness, the bank will issue the credit in the normal way and no other formalities will apply. However, the "back-to-back" credit comes into use if the bank insists that the middleman obtain a documentary credit in his favor from the ultimate buyer as security for the "back-to-back" credit in favor of the actual supplier. Only the middleman and his banker know the "back-to-back" credit, and only they are concerned with credit.
25. What do the back-to-back credits consist of?
26. In which situation do the back-to-back credits apply?
27. In whose favor is the back-to-back credit issued?
选项 A、When actual suppliers and ultimate buyers deal through a middleman.
B、When buyers and sellers agree to make settlement by means of letters of credit.
C、When buyers don’t agree to make payment on collection basis.
D、When sellers insists on a documentary credit.
答案 A
解析 录音原文提到They apply in transactions when…through a middleman．背对背信用证适用于最初供货商和最终买方通过中间商进行的交易。
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