Letters of Credit: What Are The Different Types?
In the trade finance market, there are really only two basic forms of letters of credit: The Standby Letter of Credit (SBLC) and...
Do You Really Need A Bank Guarantee?
Many times, in a contract or agreement, there is a need for a third party (often a bank) to guarantee to pay a specific amount of money...
You Want Trade Financing, But Don’t Understand What a Standby Letter of Credit (SBLC) Is
The Standby Letter of Credit serves a different function than the commercial letter of credit or Documentary Letter of Credit (DLC). The...
Have You Ever Asked…What Is A Letter Of Credit?
In order to facilitate trade, letters of credit achieve their purpose by using the credit of the customer rather than the credit the...
