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Standby Letter Of Credit Discount Is A Payment Guarantee

Standby Letter Of Credit Discount issued by the bank to promising to pay on behalf of the originator. A specific sum of money against the delivery of documents. See more: https://bit.ly/2trcsBv

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Standby Letter Of Credit Discount Is A Payment Guarantee

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  1. Welcome The Hanson Group of Companies

  2. Standby Letter Of Credit Discount Is A Payment Guarantee

  3. Irrevocable documentary • The Standby Letter of Credit Discount is an irrevocable documentary commitment, separate from the sales contract, issued by the bank to a third-party beneficiary and promising to pay on behalf of the originator.

  4. Bank Guarantees in favor of seller • A Standby Letter of Credit Discount is a payment guarantee generally issued by a bank “the issuing bank” on behalf of a client “the applicant” securing payment to a third party “the beneficiary” in the event the buyer fails  

  5. Facilitates international transactions • Payment Guarantee: • It can be issued under Buyer’s instruction in favor of the Seller. Provides payment obligation for the Buyer under a proposed contract. • Performance Bond: • Issued under the Seller’s instructions in favor of the Buyer as a guarantee of proper fulfillment of contract obligations by the Seller.

  6. Help minimize your risk for SBLC funding The Standby Letter of Credit Discount we provide is designed to protect the buyer’s commercial interests by eliminating the need to prepay for products or services. 

  7. Contact Us Panama Office Address: World Trade center, 1st Floor, Commercial Area, 53th Street East Marbella, Panama City, Panama United Kingdom Office: London, Headquarters for Asset Management Partners Only. Email: helpdesk@thehansongroupofcompanies.com UK Phone No: +(44) 208 720 6557

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