A Standby Letter of Credit (SBLC) is a bank’s commitment of payment to a third party in the event that the Banks’s client defaults on an agreement. It is a ‘standby’ agreement because the bank will have to pay only in a worst-case scenario. A SBLC can be used to improve up the project financing structure bringing it to a bankability stage, to drawn down a loan or simply to trigger a credit line from the Bank or about import-export trade it is used to guarantee the supplier in the commercial transaction.
If you are looking that a Standby Letter of Credit is issued for one of the above initiatives or for other financial plans, you have to go through our Contact Page and go ahead accordingly, our Intake Office is waiting your contact to guide you step-by-step to get that a discussion with the Asset Manager starts.
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