MT799 - What is SWIFT MT799?
When dealing with Bank Guarantees (Demand Guarantees) and Letters of Credit (Documentary Letters of Credit), you may often hear someone...
Letter of Credit Tips for Exporters and Importers
Importers When choosing what type of letter of credit to use, the importer should consider the standard payment methods in the exporter's...
What Is An At Sight Letter Of Credit?
An At Sight Letter of Credit is a letter of credit (LC) that is payable once the exporter/seller meets all of the requirements of the...
Letters of Credit: What Are The Different Types?
In the trade finance market, there are really only two basic forms of letters of credit: The Standby Letter of Credit (SBLC) and...
Do You Really Need A Bank Guarantee?
Many times, in a contract or agreement, there is a need for a third party (often a bank) to guarantee to pay a specific amount of money...
You Want Trade Financing, But Don’t Understand What a Standby Letter of Credit (SBLC) Is
The Standby Letter of Credit serves a different function than the commercial letter of credit or Documentary Letter of Credit (DLC). The...
Have You Ever Asked…What Is A Letter Of Credit?
In order to facilitate trade, letters of credit achieve their purpose by using the credit of the customer rather than the credit the...
