...(Special Purpose Vehicle)签订单一或一序列信用违约交换(credit default swaps)，以转移信用保护买方(credit protection buyer)所承担之信用风险的 金融商品，因此发起人（即信用保护买方）与特殊目的机构(Special Purpoe Vehicle) 之间并无实质债权资产之移...
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该信用证还保护了买方，因为他知道，只到有证据表明货物确已装运时银行才会要他付款。
The letter of credit also protects the buyer, for he knows that he will not be called upon for payment by his bank until the evidence shows that the shipment has actually been effected.
它是一种能够将参照资产的信用风险从信用保护的买方转移给信用保护卖方的金融合约。
It's mainly a financial contract, which can separate the credit risk from the reference assets and transfer it to the credit protection seller.
信用证付款是我们与所有客户交易通常的付款方式。 实际上，信用证付款的方式既保护卖方也保护买方。
We usually pay by letter of credit, as we're sure we'll get the right amount of money that way.
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