Standby letter of credit?

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The Standby letter of credit serves as a secondary payment mechanism. A bank will issue a standby letter of credit on behalf of a customer to provide assurance of his ability to perform under the terms of a contract between the beneficiary
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What is a standby server?

What it is if you have a modem they should have a reset button or also called a lag switch or standby button. You jus press that down and it willstandby then when you press it

Is Standby Letter of Credit always cash backed?

Answer . no, we can issue standby letter of credit to clients with such credit facilities. although it may be backed with trust receipt depending on the credit standing of

How can you get a letter of credit?

Buyer (the importer) has to contact their bank (called issuing bank) to establish a letter of credit in favor of seller (importer) through importer bank (also called advising

Buyers credit - Letter of credit?

A red clause letter of credit is similar to a letter of Credit which is written to state or confirm the availability of funds for a particular transaction between the seller a

What is the different between letter of credit and standby letter of credit?

A letter of credit is used as a method to facilitate payment of international trade transactions (ie: the import/export of goods/services). Unlike a trade letter of credit,

What is the practical difference if any between an irrevocable letter of credit and an irrevocable standby letter of credit?

In practical terms the standby LC should be viewed more as a commercial guarantee supported by the bank rather than the prime term of trading . A standby letter of credit (

What is a standby text?

a standby text, would be something you make up , lets say your away from your computer on msn and yous on "standbye", make something up like "i am at the store" etc

What is a credit letter?

A Stand by Letter of Credit is usually given by banks or financial institutions to vouch on the integrity of a seller and purchaser, acting as an intermediary. The buy and sel

What is a standby contract?

A Standby Contract is an agreement put in place prior to an event that establishes what the price of the resource was the day before the emergency event occurred.
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How do you travel standby?

To the best of my knowledge, it means you buy a ticket on the premise that it is likely someone will cancel, thus freeing there seat which you can then take if the do cancel o