Русско-англо-русский юридический словарь

red clause letter of credit (L/C) L/C that carries a provision (traditionally written or typed in red ink) which allows a seller to draw up to a fixed sum from the advising or paying-bank, in advance of the shipment or before presenting the prescribed documents. It is normally used only where the buyer and seller have close working relationship because, in effect, the buyer is extending an unsecured loan to the seller (and bears the financial risk and the currency risk). (BusinessDictionary.com)

Foreign exchange risk (also known as FX risk, exchange rate risk or currency risk) is a financial risk that exists when a financial transaction is denominated in a currency other than that of the base currency of the company. Foreign exchange risk also exists when the foreign subsidiary of a firm maintains financial statements in a currency other than the reporting currency of the consolidated entity. The risk is that there may be an adverse movement in the exchange rate of the denomination currency in relation to the base currency before the date when the transaction is completed. (Wikipedia)

"Default interest is the rate of interest that a borrower must pay after material breach of a loan covenant. The default interest is usually much higher than the original interest rate since it is reflecting the aggravation in the financial risk of the ()