24/11/2022
Our highly comprehensive guide to standby letters of credit (SBLC) covers:
✅ What a standby letter of credit is
✅ Why SBLCs are used more commonly in the USA
✅ Risks and considerations to be aware of when using standby letters of credit
✅ An overview of the different types of SBLC available
✅ The differences between SBLCs and other similar instruments including demand guarantees
✅ The rules and regulations you need to know about when using standby letters of credit
The guide is written by Glenn Ransier, Technical Advisor, ICC Banking Commission and the Head of Documentary Trade and Standby LCs with Wells Fargo Bank in North America.
Read it here: https://icc.academy/sblc-guide/