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- Standby Letter of CreditIf a client fails to uphold their end of a contract with a third party, a bank will guarantee payment on their behalf in the form of a standby letter of credit (SBLC) or bank guarantee (BG). Each contract is unique and the SBLC/BG is individually granted to the Beneficiary for a specified purpose. It essentially falls under the category of "Securities Lending" and is frequently a sort of...0 Comments 0 SharesPlease log in to like, share and comment!
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