Stand By Letter of Credit
Stand By Letter Of Credit is payment guarantee issued by a valid bank or Financial organization on behalf client. Here bank will gives the promise to pay a “beneficiary” in case of default by the customer who applies.
Stand By Letter Of Credit is Stand By Letter Of Credit is very customized tool that making them a suitable product for securing the huge range of payment scenarios.
Stand By Letter Of Credit is most commonly using for international trade as it provides assurance to the other party that the payment will come through anyway. It is involves in complexities situations and therefore one must consult with an expert if not well acquainted with how it actually woks.
- A performance standby
- An advance-payment standby
- A bid-bond or tender-bond standby
- A counter standby
- A financial standby
- An insurance standby
- A commercial standby
- A direct-pay standby
Telephone Number:
+65 8291-7865 +60 1133-444-228 +62 821-2328-089
Office Address:
Suite 506, 5th Floor, Campbell Complex, 98 Jalan Dang Wangi, 50100 Kuala Lumpur, Malaysia
Email Address:
ravi@rayfintrade.com