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LETTER OF CREDIT
A letter of credit (LC) is a financial document in which banks act as intermediaries between a buyer and a seller to guarantee the fulfillment of the transaction.
STANDBY LETTER OF CREDIT
The process for obtaining an SBLC is quite simple and similar to obtaining any other type of LC or a loan from a bank. A buyer simply walks into a bank or financial institution and applies for an SBLC.
BANK GURANTEE
The unavailability or scarcity of timely funds is a common phenomenon in companies, the can be many, from deferred payments to slow growth
PROOF OF FUNDS
Proof of Funds (POF) is a letter or documentation that certifies that an individual, institution, or corporation has sufficient funds (money) to complete a transaction.
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