by Bongyan finance Limited | Aug 28, 2021 | Bongyan finance limited, international bank guarantee providers, realbankguaranteeprovider, Uncategorized
A Standby Letter of Credit (SBLC / SLOC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. It is a payment of last resort from the bank, and ideally, is never meant to be...