SBLC

  • 1 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 4 min read Definitions
Standby Letter of Credit (SBLC): A Secondary Payment Mechanism
Finance Banking SBLC Letters of Credit UCP Payment Mechanism Banking Instruments
A standby letter of credit (SBLC) is a secondary payment instrument that assures the beneficiary of payment if the primary obligations are not met, commonly governed by the Uniform Customs and Practice for Documentary Credits (UCP).
Read more about Standby Letter of Credit (SBLC): A Secondary Payment Mechanism.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.