A SBLC (Standby Letter of Credit) serves as a secondary payment mechanism. A bank will issue a Standby Letter of Credit on behalf of a customer to provide assurances of his ability to perform under the terms of a contract between the beneficiary and client. The parties involved with the transaction do not expect that the letter of credit will ever be drawn upon.
The Standby Letter of Credit assures the beneficiary of the performance of the customer's obligation. The beneficiary is able to draw under the credit by presenting a draft, copies of invoices, with evidence that the customer has not performed its obligation. The bank is obligated to make payment if the documents presented comply with the terms of the letter of credit.
The Standby Letter of Credit is often used to guarantee performance or to strengthen the credit worthiness of a customer.
To obtain a SBLC send your request with full details to Lgpotter33@gmail.com and you will be put in touch with provider who will provide full details.
DISCLAIMER: Poster is not a United States Securities Dealer, Broker or US Investment Advisor. This post is not to be considered a solicitation for any purpose in any form or content, nor an offer to sell and/or buy securities. Merely describing the details of an existing private program does not constitute an offer or solicitation of any kind. Thank you.
No comments:
Post a Comment