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Standby Letter of Credit (SBLC) A Standby Letter of Credit (SBLC) is a guarantee of payment issued by an issuing bank on behalf of a client that is used as a “last resort payment” should the client fail to fulfill a contractual commitment with a third party. Standby Letters of Credit (SBLC) are issued as a sign of good faith in business deals and are used as proof of a client’s credit capability and repayment abilities. globalfundingdevelopmenthk.com
Monetization The Truth is a Leased Bank Instrument can be monetized but not because it is an asset… because its not an asset! A Leased Bank Instrument can be monetized because the Lease (just like a car lease) is…. “The right to use the asset for a predetermined period of time.”
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