Receipt and Standby letter of credit: Difference between pages
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A type of letter of credit issued to ensure the financial performance of a bank’s customer to a third party beneficiary and is drawn upon only in the event of non-performance. | |||
== See also == | == See also == | ||
* [[ | * [[Letter of credit]] | ||
[[Category:Long_term_funding]] | |||
[[Category:Trade_finance]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
Revision as of 20:25, 17 August 2014
A type of letter of credit issued to ensure the financial performance of a bank’s customer to a third party beneficiary and is drawn upon only in the event of non-performance.
