English to Portuguese Bus/Financial Investment / Securities

Front-to-Back Letter of Credit (FBLC)
This involves the issuance of an Import LC against a sales agreement signed between our Obligor and the Final Buyer, with the Export LC being lodged prior to the conversion of our Import LC to Trust Receipt Financing.


I have found this explanation: https://www.aba.com/aba/documents/press/TraditionalTradeDefi...

Front-to-Back or “To Arrive” Credit - The second letter of credit is issued without the benefit of the original Master credit being available. In some markets this is also known as an “Export will Buy” credit where the master credit leg is replaced with a commitment to discount or purchase an export collection to pay out the import credit.