Stand by Letter of Credit

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Example of Stand by Letter of Credit (S.B.L.C)

The SBLC Model will depend on the agreement reached with the recipient. Therefore, This will depending on the agreement, the issuing bank issues a SBLC for the beneficiary based on the asset the client has provided. The SBLC must always be set by ICC (International Chamber of Commerce)  rules 500/600. It’s important to point out that in order to issue a SBLC and use it as collateral it must be Assignable, Divisible and Transferable

Letter of credit

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