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STANDBY LETTERS OF CREDIT

DOCUMENTARY LETTERS OF CREDIT STANDBY LETTERS OF CREDIT PERFORMANCE GUARANTEES BANK GUARANTEES ADVANCE PAYMENT GUARANTEES PROJECT FINANCE
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STANDBY LETTERS OF CREDIT

It is a guarantee of payment issued by a bank/financial Institution on behalf of a client that is used as payment in case of default by the applicant. A standby letter of credit helps facilitate international trade between companies that don't know each other and have different laws and regulations.

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