مجلة الباحث
Volume 15, Numéro 15, Pages 55-71
2015-06-01
Difficulties Facing Jordanian Banks Related To Issued Letters Of Credit
Authors : Bouguerra Imane . Bellaouar Slimane .
Abstract
The purpose of this study is to investigate the difficulties faced by Jordanian banks with respect to issued letters of credit. To achieve the objectives of this study, a questionnaire was designed and distributedto 15 Jordanian banks, and a total of three questionnaires were solicited from each bank. The study found that Jordanian banks generally face fewdifficulties with respect to issued letters of credit. The main difficulties are: The client’s lack of knowledge about rules and international norms for letters of credit, the inability of the client to fill in the letters of credit form, a mismatch between the documents and terms of the letters of credit, and the client’s lack of English language skills.
Keywords
Difficulties, Issued letters of credit, The Jordanian banks.
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