trade credit insurance, fin100 week 3 assignment help

Complete the following homework problems:

In your own words, please submit your responses on one document (MS Word, PDF) .

Assume, as the loan officer of a commercial bank, that one of your customers has asked for a commercial letter of credit to enable his firm to import a supply of well-known French wines. This customer has a long record of commercial success yet has large outstanding debts to other creditors. In what way might you accommodate the customer and at the same time protect your bank?