Basics Of Standby Letter Of Credit Discount | lease sblc

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THE HANSON GROUP OF COMPANIES
WELCOME
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Basics Of Standby Letter Of Credit Discount
lease sblc
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Fail to fulfill your contractual obligations

• Reassure your buyer or seller of payment with a
  Bankers standby letter of credit discount. In
  the event that you fail to fulfill your
  contractual obligations

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Basics of standby letter of credit discount 

• The applicant in an LC transaction is usually the
  buyer or importer of goods. The applicant of the
  LC has to make the payment if documents, as per
  the conditions of the LC are delivered to the
  Bank.

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Conditions

• The beneficiary is the party to whom the LC is
  addressed, i.e., the seller or exporter. The
  beneficiary would receive payment from the
  nominated bank against the submission of
  documents as per the LC condition.

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The standby letter of credit discount can be used
as a

• Payment Guarantee This protects the beneficiary
  in the event that the applicant fails to honor
  the payment under their contract
• Bid Bond This enables the applicant (the
  bidder) to use credit to support the bid, and can
  also be used to ensure the buyer that the
  contract will be met
• Performance Bond Some bidding contracts require
  the successful bidder to provide a performance
  guarantee to protect against a default
• Financial Guarantee This helps the applicants
  overseas subsidiaries obtain financing or credit
  facilities from banks
• The Guarantee can be issued by us  or by our
  overseas Branches/correspondents, according to
  the guarantee format provided by the applicant

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CONTACT US
The Hanson Group Of Companies First
Floor-Commercial Area, Calle 53, Marbella Panama
City, Panama United State Contact No. (507)
205-1806 Fax [phone]