The offshore bank account can be open in the local bank. It is not only for the businessmen, any individuals can open the account to get more banking services. See more: https://bit.ly/2UTJfdk
Like promising to pay on behalf of the originator a specific sum of money against the delivery of documents satisfying the terms and conditions of the SBLC. See more: https://bit.ly/378VW7B
The standby letter of credit is never meant to be used but prevents contracts from going unfulfilled in the event your company closes down, declares bankruptcy.
Reassure your buyer or seller of payment with a Banker’s standby letter of credit discount. In the event that you fail to fulfill your contractual obligations. See more: https://bit.ly/2uuqIu6
Standby Letter Of Credit Discount issued by the bank to promising to pay on behalf of the originator. A specific sum of money against the delivery of documents. See more: https://bit.ly/2trcsBv
The offshore bank account can be open in the local bank. It is not only for the businessmen, any individuals can open the account to get more banking services. See more: https://bit.ly/2UTJfdk