A、No interest is charged. B、The documents cannot be negotiated. C、No stamp duty is paid. D、Deferred Payment is on a "without rec

M: I’m busy preparing financial statements because my boss requires monthly reports.
W: So you should prepare reports every month. For legal requirements, the longest interval between reports is normally one year.
Q: What is the longest interval between reports?

M:Could you tell me the advantage of deferred payment credit?
W: Sure. If you open a deferred payment credit, you need not pay stamp duty on bill of exchange. But there will be risk on the part of the exporter since he can not receive his payment until maturity.
Q: What is the benefit of deferred payment credit?