This topic is about Standby Letter of Credit (SBLC) & Bank Guarantee (BG) which is better between?
Please check our older post about THE USES OF STANDBY LETTER OF CREDIT (SBLC): https://yiufungfinance.blog/2018/09/04/the-uses-of-standby-letter-of-credit-sblc/
Today we will be talking about Letter of Credit and Bank Guarantee. Standby letters of credit and bank guarantees are both methods of providing assurance to a vendor of payment on credit. They are often used for international trade transactions where the financial risk is high. A bank guarantee is a commitment by a bank to pay its client’s obligation up to a certain amount, while standby letter of credit is a more formal document that details the obligations of both parties.
Standby Letter of Credit
A standby letter of credit serves as a secondary payment method for a bank’s client should the client fail to pay the vendor an agreed-upon amount. Neither party expects to draw upon an SLC. Indeed, doing so can damage the creditworthiness of the bank client. To execute an SLC, both parties agree to the terms of a transaction. If the vendor requests an SLC, the buyer applies to his bank, who approves it upon the buyer’s credit rating. Thus, the risk assumed for payment is transferred from the vendor to the issuing bank.
A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit.
#lease bank instrument providers, #international bank guarantee providers, #bank guarantee discounting hsbc, #real bank guarantee provider, #genuine bank instrument providers, #lease bank guarantee provider, #providers leased bank guarantees, #Real BG/SBLC Providers worldwide, #top letters of credit providers, #genuine letter of credit providers, #lease standby letter of credit (SBLC)
Yiu Fung Finance Company Ltd is a leading Financial Services firm that is headquartered in Hong Kong to provide Non Recourse Loans, Business Loans, SME Loan, Investment Loan, Project Financing, Bank Guarantees, SBLCs, Letters of Credit, Monetization of BG/SBLC and funding for all kinds of viable projects locally and internationally.
Yiu Fung Finance Company Ltd date of incorporation is March 28th, 1980 and is legally registered in Hong Kong as a Financial Services Provider with Company Registration Number: 0080313.
All our Bank Instruments come from Top Prime AAA rated banks such as Citibank New York, HSBC Hong Kong or London, Barclays bank London, Standard Chartered Bank London/Dubai/Hong Kong, UBS Switzerland, Welsfargo, Bank of America, Deusche Bank etc. We can help you to obtain financing for your business or projects, activate credit line, Issue & provide Letters of credit, BG or SBLC for you, provide loans against financial instruments, and monetize financial instruments.
OUR SERVICES ARE:
- Loans: (Non Recourse Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing)
- Purchase Bank Instruments (Bank Guarantees and Standby Letter of Credit)
- Lease Bank Instruments (BG, SBLC, DLC, Letters of Credit)
- Letters of Credit (DLC, L/C, Usance LC)
- Investments and Wealth Management
- Insurance Underwriting Services
- PPP and Trading Platforms
- Proof of Funds (POF)
- Corporate Finance
- Blocked Funds
WHY CHOOSE US:
- Number ONE: We are the leading providers of non recourse loan.
- Easy: Issuance Of Bank Guarantees, Letter Of Credit, And DLC Within Few Days.
- Guarantee:We offer you commercial loans with no additional collateral or guarantee.
- More Than 10,000+ Clients from 75 countries Have Successfully Concluded Transactions With us
- Results Oriented– We have 99% success rate, so if you have a REAL deal, we will successfully close it for you.
- Quick disbursement:Once all your documents are in place, your loan can be disbursed within few business days.
- Most of the Work Is Done Online: so you DONT have To waste thousands of dollars on airfare and visa to come to our Office
- 8. Unrivaled Credibility & Authenticity – We are genuine, legally registered Money Lender with over 39 years history in the industry.
- All Races and religions welcome: it doesn’t matter whether you are Christian, Muslim, pagan, atheist, Buddhist, Taoist, Hinduism 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 Email: email@example.com or Skype: dr.chem80566