A Standby Letter of Credit (SBLC) is a bank-issued guarantee that serves as a security instrument in commercial and financial transactions. It assures the beneficiary that payment will be made if the applicant fails to fulfill contractual obligations.
A BG is a commitment issued by the bank to support a client’s financial or contractual obligation. It provides assurance to the beneficiary that the bank will cover the liability if the client fails to perform. Bank Guarantees help facilitate trade, contracts, and commercial transactions by reducing counterparty risk.
A Letter of Credit (LC) is a bank-issued payment undertaking used to secure international trade transactions. It guarantees that the seller will receive payment once the agreed terms and shipping documents are fulfilled. LCs help reduce risk for both buyers and sellers by ensuring secure, document-based settlement.
A Performance Guarantee is a bank-issued assurance that a client will fulfill their contractual obligations as agreed. If the client fails to perform, the bank compensates the beneficiary up to the guaranteed amount. This instrument is widely used in construction, projects, and service contracts to mitigate performance-related risks.
A Bank Reference Letter is an official document issued by the bank confirming a client’s relationship, account standing, and general conduct. It is typically used to support applications for business transactions, financial services, or regulatory requirements. While it does not disclose confidential details, it provides a formal validation of the client’s banking profile.
A Performance Guarantee is a bank-issued assurance that a client will fulfill their contractual obligations as agreed. If the client fails to perform, the bank compensates the beneficiary up to the guaranteed amount. This instrument is widely used in construction, projects, and service contracts to mitigate performance-related risks.
Copyright © Uninova Bank - All Rights Reserved.
Powered by Uninova Bank
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.