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Refund of LC margin

Medical and Surgical Instruments
From Croatia
To Lithuania
128 views / 0 experts
Oct 19, 2020

When will the Letter of Credit margin deposit be refunded to my account?

1 answer

Munmun S.
Oct 19, 2020

For refund of LC margin deposit, any unutilised LC amount after LC expiry date will only be refunded to you at least one month after the LC expiry date. If the LC is a usance credit, such deposit balance will be refunded after the latest maturity date of the import documents drawn under the credit.

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