English translation: fully-funded letter of credit
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Explanation: Fully Funded Documentary Letter Of Credit - FFDLC
A written promise of payment provided by a buyer to a seller that is guaranteed to clear by a particular bank. Once an FFDLC document is presented by the seller to the involved bank, the bank is obliged to remit full payment to the seller.
recently signed contract to deliver two million metric tons of UREA Fertilizer it has received a fully funded letter of credit for $264 million.