Buyer informed the local bank to the seller for the opening of the beneficiaries of letters of credit.
买方通知当地银行开立以卖方为受益人的信用证。
Restrained in the legal stipulation, US's banking circles in order to compete with other local bank in the world effectively established the standby letters of credit.
受制于法律的规定，美国的银行界为了与世界上其他地区银行开展有效的竞争而创设了备用信用证。
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