"Roland Perry" wrote in message
...
In message , at 23:44:19 on Wed,
21 Jan 2009, D1039 remarked:
Escrow accounts against which the supplier could borrow? Bombardier would
pay cash into an account that both sides need to agree that it is
released,
Bombardier to agree to release on delivery, with mediation built in in
case
of disputes, and the banks could lend as secured borrowings.

Isn't that in effect what a "letter of credit" is, used for a great deal
of international trade.

Except no-one would take the risk.

The risk of what?
--
Roland Perry

Sorry Roland, I didn't make myself clear. I meant that if there is a risk
that in the event of a dispute the mediator/arbitrator ruled against the
supplier, then the bank will find their loan has gone but they don't get
paid, ergo in current conditions the bank probably wouldn't loan against it.

Patrick