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That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
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Halyk Bank was the successor entity of the Savings Bank of the USSR in the Republic of Kazakhstan.. On May 21, 2019, Halyk Bank rose to 1522 place from 1595 last year in the annual rating of the largest and most influential public companies in the world Global 2000, continuing to be the only representative from Kazakhstan.
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