Lognormal and Standby letter of credit: Difference between pages

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Characteristic of a lognormal frequency distribution.
(SLOC).
Sometimes written "log-normal" or ""log normal"".
 
A type of letter of credit:
*Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
*Drawn upon only in the event of non-performance.


(Not to be confused with the Natural logarithm


== See also ==
== See also ==
* [[Lognormal frequency distribution]]
* [[Advance payment guarantee]]
* [[Natural logarithm]]
* [[Contingent liabilities]]
* [[Letter of credit]]
* [[Off balance sheet risk]]
 
[[Category:Long_term_funding]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Trade_finance]]

Revision as of 18:48, 11 November 2016

(SLOC).

A type of letter of credit:

  • Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
  • Drawn upon only in the event of non-performance.


See also