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What is an SBLC? An SBLC (Standby Letter of Credit) is like a financial promise made by a bank on behalf of its client. It says: If my client fails to meet their obligation, I—the bank—will pay on their behalf. It’s not usually meant to be used, but it’s always there as a safety net. (i) The […]
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The Role of Bank Instruments in International Trade: SBLCs and BGs by Reliance Capital Finance Limited
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Standby Letter of Credit Lease with Reliance Capital Finance Limited
Think of a Standby Letter of Credit (SBLC) Like a Safety Net Think of a Standby Letter of Credit (SBLC) like a financial safety net from a bank. In simple terms, if a company promises to pay someone but doesn’t, the bank steps in. It pays instead. It’s not for regular use. It works more […]
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