{"id":640,"date":"2024-10-06T04:48:01","date_gmt":"2024-10-06T04:48:01","guid":{"rendered":"https:\/\/grandcityinvestment.com\/?p=640"},"modified":"2024-10-06T05:09:10","modified_gmt":"2024-10-06T05:09:10","slug":"standby-letter-of-credit-definition","status":"publish","type":"post","link":"https:\/\/grandcityinvestment.com\/se_SP\/standby-letter-of-credit-definition\/","title":{"rendered":"Standby Letter of Credit Definition"},"content":{"rendered":"
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The Standby Letter of Credit is a prominent payment technique used in international trade.<\/p>\n

But what is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance and notification of a Standby Letter of Credit work? \u2026 This article provides the answers to these questions.<\/p>\n

\"Standby

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We already know what a Letter of Credit is. It is another naming for the documentary credit that was analyzed in the\u00a0preceding articles<\/a>. The key to understand this\u00a0payment technique\u00a0is therefore the word Standby<\/a>. In the cambridge dictionary, it reads about that word:<\/p>\n