Concept of Standby Letter of Credit (SBLC)

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Features of Standby Letter of Credit (SBLC)
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• A standby letter of credit (sblc) is a surety in
  writing that we give to a third party to
  guarantee that a payment you owe them will be
  made on demand.
• Only the beneficiary your customer or supplier
  can demand the payment.
• You could use a standby letter of credit (sblc)
  to take advantage of business opportunities like
  large contracts, new premises or equipment
  without tying up your cash flow.

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Theres no minimum limit, and the maximum limit
is subject to approval. If youre eligible, your
guarantee will be for a nominated amount.
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• 1. Building contracts Use instead of retention
  money (also known as performance bonds).
• 2. Progress payments Suitable for construction
  projects or large scale plant and equipment
  purchases.
• 3. Payment of future accounts to a third party
  For example, your customers or suppliers.

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• 4. Property leases Secure a tenants obligations
  to a landlord under a lease agreement.
• The account is in the clients name, and earns
  interest. The person chooses the bank among
  financial institutions that are subject to the
  law on banks.
• Standby letter of credit (sblc) given directly to
  the person must be rapidly deposited in a bank
  account by him the tenant goes to the bank with
  some identification and the lease.

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• In return, he will be given a document attesting
  to the grantee, a copy of which should be given
  to the person.
• The security of access to funds
• Presentation of the standby letter of credit
  (sblc) document are very much required for the
  processing of things.
• Sever days are minimum required for new guarantee
  documents, so its easy
• Commonly used in commercial rental agreements.

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• The concept of standby letter of credit (sblc)
  covers a wide range of support available from
  company with the Bank committing its signature to
  third parties on your behalf.
• This guarantee can be used by any businesses
  either big or small. Contact us for more details.

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The most commonly used bank guarantees are

• 1. Completion guarantee
• 2. Rental guarantee
• 3. Payment guarantee
• 4. Tender guarantee
• 5. Advance payment security
• 6. Performance guarantee
• 7. Construction lien holdbacks
• 8. Performance bonds

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Features

• Use your assets or cash as security
• Available for individual as well as for company.
  So, you can start your search now for your
  preferences.
• Faster access to standby letter of credit (sblc)
  (from 5K-250K) when you provide 100 cash
  security.

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• Call us, Visit us or send us query.

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