Standby letter of credit: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
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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.
