Standby letter of credit: Difference between revisions
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imported>Doug Williamson (Add SLOC.) |
imported>Doug Williamson (Layout and link with Advance payment guarantee page.) |
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(SLOC). | (SLOC). | ||
A type of letter of credit issued to ensure the financial performance of a bank’s customer to a third party beneficiary and | 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]] | |||
* [[Letter of credit]] | * [[Letter of credit]] | ||
Revision as of 21:40, 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
- drawn upon only in the event of non-performance.
