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Standby letter of credit

MURTHY, P T S

Standby letter of credit - 2013 - 117-121

There is growing trend amongst banks to issue a standby letter of credit (SBLC) due to overwheming response from their clientele as all consitituents feel that the issuance of an SBLC is a simple and cost effective procedure, and they need not repeatedly go around the bank for issuing an ordinary commercial letter of credit every time for a trade transaction.

Subjects--Index Terms: BANKING

National Library of Medicine Call No.: 332.1

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