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Hermes credit / L/C

Arabic translation: خطاب الاعتماد

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	Hermes credit / L/C
Arabic translation:	خطاب الاعتماد
Entered by:	Liliane Hatem

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19:02 Nov 27, 2011

English to Arabic translations [PRO]
Bus/Financial - Business/Commerce (general) / payment methods

English term or phrase: Hermes credit / L/C

In addition to regular payment methods, such as Hermes covered buyer credits, L/C with deferred payment and hedging demands by Hermes.

This paragraph is very confusing. In fact I can hardly translate any part of it. Especially Hermes Credit and L/C.
Can anyone help me?

marina677 KudoZ activity Questions: 16 (none open) (5 closed without grading) Answers: 2
Local time: 22:29

خطاب الاعتماد

Explanation:
Letter of Credit

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Note added at 3 mins (2011-11-27 19:06:32 GMT)
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What is letter of credit? definition and meaning
www.investorwords.com/2774/letter_of_credit.html
letter of credit - definition of letter of credit - L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment for goods will ...

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Note added at 8 mins (2011-11-27 19:11:06 GMT)
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Hermes is the name of the company
credit = رصيد دائن، ائتمان، اعتماد