Cash dispenser and Standby letter of credit: Difference between pages
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(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 == | == See also == | ||
* [[ | * [[Advance payment guarantee]] | ||
* [[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.
