Monetizing Standby Letters of Credit
Monetizing Standby Letters of Credit
In the realm of international trade and finance, Standby Letters of Credit (SBLCs) have long been valued as instruments of trust and security. These documents, issued by banks, serve as a guarantee of payment to a beneficiary in case the applicant fails to fulfill their contractual obligations. However, there’s a lesser-known avenue through which SBLCs can be u
