Closed and Standby letter of credit: Difference between pages
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imported>Doug Williamson (Created page with "1. Not open to new entrants or members. For example, a ''closed pension scheme.'' 2. Restricted to a limited category of people or applicants. For example, a ''closed sh...") |
imported>Doug Williamson (Add link.) |
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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: | [[Category:Long_term_funding]] | ||
[[Category: | [[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.