A futures buyer plunks down his 3% margin and controls a contract without having to bring the rest of the money until the settlement date.
期货买家用3%的保证金控制了合约,在交割期之前并不需要交其它的费用。
With the soft terms of the letter of credit the buyer can also cheat the seller's margin, pledge payment, performance payments, issuing fees.
买方凭借信用证软条款还可以骗取卖方的保证金、质押金、履约金、开证费等。
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