Investments and extensions of credit.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) (ii) For the purposes of this section, an investor in an export trading company includes any affiliate of the investor. (3) (i) The export trading company has a bona fide contract for the subsequent sale of the goods; and (ii) The bank has a security interest in the goods or in the proceeds from their sale at least equal in value to the letter of credit or the advance.

official document · source cfr-2024 · id 12:§ 211.33