Bank Financial Instrument Monetization Bank Financial Instrument Monetization is the process of concerting bank financial instruments such as bank guarantees (BG) or Standby Letters of Credit (SBLC) into lequid cash or legal tender. Monetization of Owned & Leased Financial Instruments Grand City Investment Limited monetizes an extensive range...
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What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit? Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions. A standby letter of credit is a bank’s undertaking of fulfilling the applicant’s...
The importance of bank guarantees in modern business In contemporary international payment transactions, there takes place frequent use of bank guarantees as collateral payment in commercial transactions. The bank guarantee is usually required when it comes to specific business agreements that require stronger commitment and assurance...
Free Loans, BG / SBLC With No Money Down Are you looking for a bank or other financial institutions that will give you a loan, bg or sblc free of charge with no money down? Well this article is right for you, it will open your...
[caption id="" align="alignnone" width="542"] Reasons Why People Fail in BG/SBLC Transactions[/caption] Grand City Investment Limited is a Licensed Money Lender that was incorporated in Hong Kong on MAY 29, 1984 with Company Registration No. 0137353 under the Money Lenders Ordinance (Chapter 163 of the laws of...
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Standby Letters of Credit Definition: Standby letters of credit is a bank’s undertaking of fulfilling the applicant’s obligations. A standby letter of credit is issued as a collateral and is therefore not intended to be used as a primary payment method unlike a commercial letter of credit. Standby...
