SBLC (Standby Letter of Credit) #Traders #trading #tradefinance #finance #Banking #Financial #funding #loans #cashflow #Cash #money #credit #capital #asset #AssetManagement #fintech #financialservices #oilandgas #Commodities #business #commercial #transactions
SBLC (Standby Letter of Credit) #Traders #trading #tradefinance #finance #Banking #Financial #funding #loans #cashflow #Cash #money #credit #capital #asset #AssetManagement #fintech #financialservices #oilandgas #Commodities #business #commercial #transactions : We work with credible providers to arrange SBLC, Bank Guarantee, Letters of Credit from top rated banks. WHAT IS AN SBLC (STANDBY LETTER OF CREDIT) ? A standby letter of credit (SBLC) is a guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in business transactions and are proof of a buyer's credit quality and repayment abilities. The bank issuing the SBLC performs brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then sends notification to the bank of t...