What is Standby Letter of Credit

lease sblc, top letters of credit providers, lease sblc providers, top letters of credit providers, lease bg sblc providers, lease bg sblc providers, bank instrument providers, genuine SBLC providers, Financial SBLC, Financial SBLC provider, Financial SBLC’s, SBLC discounting HSBC
YIU FUNG FINANCE COMPANY LIMITED- Standby Letter of Credit Provider

A bank guarantee in case of non-payment of commercial import or export transactions.

The Standby Letter of Credit (SBLC) is an irrevocable documentary commitment, separate from the sales contract, issued by the bank to a third-party beneficiary and promising to pay on behalf of the originator
a specific sum of money against delivery of documents satisfying the terms and conditions of the SBLC.
It can be used for import and export transactions. It is particularly suitable for existing business relationships where the two parties have already built up trust.

Effective protection

This is a guarantee rather than a payment instrument. It protects against the risk of default.

A simple tool

  • It is more flexible than documentary credit. It releases the partners from the need to exchange extensive documentation through their banks.
  • The funds drawn against an SBLC require documents to be submitted that satisfy the terms and conditions of the SBLC (e.g. a payment demand, certificate of non-payment, copy of the sales invoice, copy of the transport document, etc.)


BROKER INQUIRIES ARE WELCOMED AND APPRECIATED: 
 Our brokers receive 2% commission for referral. Daisy Chains of Brokers, Scammers & Time Wasters Will Not Be Entertained. We assist Clients and brokers in their attempt to secure funding by working on their funding requests that may require innovative financing.

We would welcome the chance to earn your trust and deliver you the best financial service in the industry. For more information kindly contact us via the contact us page of this website.