{"id":505,"date":"2024-07-11T16:52:08","date_gmt":"2024-07-11T16:52:08","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=505"},"modified":"2024-12-14T05:26:54","modified_gmt":"2024-12-14T05:26:54","slug":"bank-guarantees-lc-for-international-trade","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/en_US\/bank-guarantees-lc-for-international-trade\/","title":{"rendered":"Bank Guarantees & LC for International Trade"},"content":{"rendered":"
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This article is about using Bank Guarantees (BG) and Letters of Credit (LC) In International Trade<\/h2>\n
Bank Guarantees (BG) and Letters of Credit (LC) Are Used In International Trade Transactions To Finance Imports.<\/h5>\n
International trade is a risky activity \u2013 importers may not pay after receiving the goods and exporters may not deliver if they are paid in advance. To reduce the risk of international commerce, banks offer specific trade finance products, the most prominent being letters of credit (LCs) and bank guarantees (BG).<\/div>\n
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Grand City Investment Limited helps its clients to obtain bank guarantees, letters of credits and other financial instruments from prime banks such as Citibank New York, Chase Bank, Welsfargo Bank, Bank of America, HSBC Hong Kong, Barclays bank London, Standard Chartered Bank Dubai, UBS Switzerland, Deusche Bank AG Germany etc.<\/div>\n