Letters Of Credit Letter of Credit means: Any arrangement, however named or described, that is irrevocable and ... Read More
Standby Letter Of Credit A Standby Letter of Credit (SBLC) is a guarantee that is made by a ... Read More
Bank Guarantee A guarantee means giving something as security. A bank guarantee is when a bank ... Read More
Performance Guarantee Performance Guarantee is an agreement between a Client and a Contractor. The bank offers ... Read More
Documentary Collection Documentary Collection (DC) occurs when a seller instructs his bank to forward documents related ... Read More
Proof Of Funds Documents Proof of Funds (POF) is a letter or documentation that certifies that an individual, ... Read More