We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease/sales LOAN ,

We all use many banking services at different times of our life. Since we use banking services almost all the time it is necessary to learn about the important banking terms. Most of us would have heard about SBLC and others would have not. The Standby Letter of Credit (SBLC) is a letter issued by the bank. It is a guaranteed document where the bank guarantees the payment to the seller on behalf of the buyer to provide the assurance. The SBLC bank guarantee can be taken as the assurance of the buyer’s ability to repay the amount under the terms and conditions on the contract between the beneficiary and client. How does SBLC bank guarantee work? The SBLC is provided mostly during international trade between the companies that don’t know about each other. Since both of them have different regulations and laws SBLC guarantee is provided as an assurance. The buyer has to receive the goods, as well as the seller, need to receive the payment for this the standby letter of credit will be p

WHAT IS BANK GUARANTEE? A bank guarantee serves as a promise from a commercial bank that it will assume liability for a particular debtor if its contractual obligations are not met. In other words, the bank offers to stand as the guarantor on behalf of a business customer in a transaction. Most bank guarantees carry a fee equal to a small percentage amount of the entire contract, normally 0.5 to 1.5 percent of the guaranteed amount. Applying for a Bank Guarantee Bank guarantees are not limited to business customers; individuals can apply for them as well. However, businesses do receive the vast majority of guarantees. In most cases, bank guarantees are not particularly difficult to obtain. To request a guarantee, the account holder contacts the bank and fills out an application that identifies the amount of and reasons for the guarantee. Typical applications stipulate a specific period of time for which the guarantee should be valid, any special conditions for payment and