Standby letter of credit

By:

MURTHY, P T S

Material type:

Mixed materialsPublication details: 2013Description: 117-121Subject(s):

BANKING

NLM classification:

332.1

In: CHARTERED ACCOUNTANTMSummary: 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.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		62/5	Available		P15126

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.

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