Standby letter of credit: Difference between revisions
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imported>P.F.cowdell@shu.ac.uk m (Categorise the page) |
imported>Doug Williamson (Add SLOC.) |
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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. | 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. | ||
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[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category:Trade_finance]] | |||
Revision as of 18:20, 8 February 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 is drawn upon only in the event of non-performance.
