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May
What is StandBy Letter of Credit (SBLC)?
What Is a Standby Letter of Credit (SLOC)? [caption id="attachment_393" align="alignnone" width="720"] What is StandBy Letter of Credit (SBLC)?-Grand City Investment Limited[/caption] According to https://www.investopedia.com/terms/s/standbyletterofcredit.asp A standby letter of credit (SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or...
