Having complete control of your papers at any time is crucial to alleviate your day-to-day duties and increase your productivity. Achieve any goal with DocHub tools for document management and hassle-free PDF file editing. Access, modify and save and incorporate your workflows with other safe cloud storage services.
DocHub provides you with lossless editing, the possibility to work with any format, and securely eSign papers without searching for a third-party eSignature alternative. Maximum benefit of the file management solutions in one place. Check out all DocHub functions today with the free of charge profile.
What is the Letter of undertaking Viram Domi, is a famous manufacturer of toys in India He receives his raw materials from India itself But one day, he finds a raw material supplier from Singapore, who agrees to give him at a cheaper price. But the problem was, the supplier wanted payment, in Dollars And according to Indian Rules, One cannot buy more than 250000 dollars per year from the market. So he decided to approach the bank for a solution, As he needed to pay 1 million dollars. Give me a solution for my problem One option is you Borrow a loan of 1 million dollars from us At an interest of 13% per year Convert that loan into dollars through our bank, pay the exchange rate and fees We will pay your supplier through our bank branch in England No. The interest is too high and is not economical for me Is there a way to take a foreign currency loan, at lower interest rates? Yes, there is We can provide a Letter of Undertaking, or simply L.O.U, to you. What is that? No Bank in England
