WHAT IS A STANDBY LETTER OF CREDIT (SBLC)?

WHAT IS A STANDBY LETTER OF CREDIT (SBLC)?

A Standby Letter of Credit (SBLC) is a financial instrument that serves as a secondary payment method, issued by a bank on behalf of a buyer, to guarantee that the seller will receive payment in the event that the buyer is unable to make payment. SBLCs are primarily used in international trade transactions but can […]