Finding Genuine Standby Letter of Credit (SBLC) Providers One of the terms commonly misused is “SBLC provider”. This guide aims to set the record straight on Standby Letters of Credit (SBLC) and offer clear guidance for companies on how to legitimately secure one. 1. Understanding the SBLC SBLC is...
The Truth About Bank Instrument (SBLC/BG) Upfront fees (Myths and Legends Busted!) Sometimes I can’t help but shake my head when I hear comments like “I need a bank guarantee or a standby letter of credit but I don’t want to pay any upfront fees” or “...
Standby Letter Of Credit (SBLC/SLOC) SBLC (Standby Letter Of Credit)-Grand City Investment Limited WHAT IS AN SBLC (STANDBY LETTER OF CREDIT) ? A standby letter of credit (SBLC) is a guarantee of payment issued by a bank on behalf of a client that is used as “payment of...
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Top 10 Tips On How To Detect Fake BG/SBLC Providers Because the internet is filled with so many bank instrument scammers and fake bg sblc providers, so today we want to tell our readers the top 10 tips on how to detect fake BG/SBLC providers. First and...
Standby Letter of Credit Factsheet Standby Letter of Credit (SBLC) is a guarantee of payment issued by the importer’s bank, in favor of the exporter, for an amount agreed at the signing of the commercial contract. It provides a guarantee to the exporter that, if due...
Grand City Investment Limited are Financial SBLC Providers that were incorporated in Hong Kong on MAY 29, 1984 with Company Registration No. 0137353 under the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong). We are also the leading providers of Leased bank instruments, top letters of credit...
The Standby Letter of Credit – Definition, Issuance and Notification Another prominent payment technique used in international trade is the Standby Letter of Credit. What is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance and notification...
