According to the buyer's demanding and order, the bank issues to the seller a kind of payment commitment that the payment will be done so long as the seller meets specific terms and conditions in the stipulate period. The letter of credit is independent from sales contract.
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Some caution is in order, however, as this more comprehensive approach would be technically demanding and possibly very costly both for the regulators and the firms they supervise.
不过对于管理部门和所监管的机构来说,这种综合性的手段有一定技术要求,可能成本很高,需要做些提醒。
Faced with more demanding standards from their banks and investors, somehave been forced to unwind positions in order to realise cash.
为应对来自银行和投资者的赎回压力,一些对冲基金被迫平仓套取现金。
Today's businesses need to be dynamic and responsive in order to survive in this fiercely competitive and demanding world.
为了在这个竞争激烈且要求极高的社会中立于不败之地,如今的企业必须充满活力,做到及时响应。
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