Buy your…. Standby Letter of Credit (SBLC) Here!
Our Standby Letter of Credit (SBLC) is primarily issued by Bank Winter, a European Bank that was founded in 1892, was ranked 16th in the BIS ratio (The Banker) among the 1,000 largest banks worldwide and is one of the largest privately owned Merchant Banks in Europe who specialize in Trade Financing and Investment Banking.
Standby Letter of Credit (SBLC) Introduction
A Standby Letter of Credit is often used to provide security for an obligation, such as a lease or other long-term contract. Landlords may require a deposit or a standby letter of credit that guarantees payment from the issuing bank if a tenant falls in arrears. Often, large contracts may require at least one of the parties to have a standby letter of credit in place for the transaction to move forward. Basically, a standby letter of credit guarantees the beneficiary that it will be paid from a creditworthy bank if it’s unable to get paid by its counterparty in a transaction.
Express provides standby letters of credit, allowing transactions to happen that otherwise might be considered too risky by the receiving entity.
IMPORTANT: Standby Letters of Credit (SBLC) are normally forms of payment security or payment guarantee between a Buyer and Seller of Goods. Therefore the Standby Letter of Credit (SBLC) we provide clients are NOT MONETIZABLE and are NOT TRANSFERABLE like a Bank Guarantee (BG) would be. A Standby Letter of Credit (SBLC) is a specialist payment mechanism that is used for a specific buy and sell goods transaction, a SBLC cannot be monetized by a 3rd party.