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Standby Letter of Credit

What are the Differences Between MT 700 and MT 760?

What are the Differences Between MT 700 and MT 760?

MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively. Banks use MT700 when issuing a commercial letter...
Types of Letters of Credit

Types of Letters of Credit

Have you ever heard any of the following trade finance terms and wonder their meanings: red clause, confirmed, standby, irrevocable. These are the terms that...
Standby Letter of Credit Sample

Standby Letter of Credit Sample in Swift Format

A standby letter of credit is the bank's undertaking of fulfilling the applicant's obligations. A standby letter of credit is issued as collateral and is...
What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit?

Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions. A standby letter of credit...
What are the main types of stand-by letters of credit?

Types of Standby Letters of Credit

What are the Main Types of Stand-by Letters of Credit? In this post after giving the standby letter of credit (SBLC) definition, we will have...
Understanding standby letters of credit.

Stand-by Letters of Credit

Classification of Letters of Credit Documentary credits, however named, have certain characteristics in common. First of all, they are separate transactions by their nature from the...
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