Standby letter of credit
Material type: Mixed materialsPublication details: 2013Description: 117-121Subject(s): NLM classification:- 332.1
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Periodicals/Magazines | SSCBS Library | 62/5 | Available | P15126 |
There is growing trend amongst banks to issue a standby letter of credit (SBLC) due to overwheming response from their clientele as all consitituents feel that the issuance of an SBLC is a simple and cost effective procedure, and they need not repeatedly go around the bank for issuing an ordinary commercial letter of credit every time for a trade transaction.
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