Do you need SBLC for investment or trade?
What is the SBLC? A standby letter of credit (SBLC) is a means of payment or a security for payment. SBLC has two main popular purposes: 1) Credit enhancement for loan or enhance credit line enhancement,2) Payment guarantee for international trade for good and/or services. The SBLC is a highly popular bank instrument used globally. […]
Bank Guarantees in Redevelopment and Construction Projects
A bank guarantee for a project is a financial instrument issued by a bank on behalf of a contractor or project party, assuring the project owner (or beneficiary) that the bank will cover a specified amount of money if the contractor fails to fulfill contractual obligations. Key Points: A bank guarantee enhances trust and reduces […]