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The Standby Letter of Credit (SBLC) is an irrevocable documentary commitment issued by a bank to a third-party.
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SBLC - Complete Non Recourse Loan and Recourse Loan Monetization
The Standby Letter of Credit (SBLC) is an irrevocable documentary commitment issued by a bank to a third-party beneficiary in case the client/buyer is not able to fulfill its financial obligation to the beneficiary/seller.