Uses of SBLC Tag

Standby Letter of Credit Meaning, Uses of SBLC & SBLC Process

Standby Letter of Credit (SBLC or SLOC) A standby letter of credit (SBLC or SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or the bank's client–defaults on the agreement. Grand City Investment Limited...