TY  - GEN
AU  - MURTHY, P T S
TI  - Standby letter of credit
PY  - 2013///
KW  - BANKING
N2  - 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
ER  -