Standby LC allows you to cover financial obligations to your beneficiary in the event of payment default after the beneficiary has secured due performance. SBLC represents a simple form of security to your beneficiary and does not require proof of non-performance other than a simple written claim.
• Proof of non-performance is not required other than a simple written claim
• Can be used as a simple form of security to support open account trading where your supplier can
claim on the SBLC in case of non payment
• Can be used to secure the issuance of guarantees and financial facilities in addition to trade.
• Can be issued to beneficiaries worldwide in major currencies
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