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(SBLC) Standby Letter of Credit

A Standby Letter of Credit (SBLC / SLOC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. A Standby Letter of Credit can be abbreviated either as SLOC or SBLC.

Standby Letter of Credit are created as a sign of good faith in business transactions, and are proof of a buyer’s credit quality and repayment abilities. The bank issuing the SBLC will perform brief underwriting duties to ensure the credit quality of the party seeking the SBLC, then send notification to the bank of the party requesting the SBLC (typically a seller or creditor).

A Standby Letter of Credit is a written undertaking given by an Institution to the person with whom you are doing business (beneficiary) to pay a specified amount of money in the event that you or a third party do not meet specific financial or performance obligations.

Greniva Holdings AG offers StandBy Letter of Credit (SBLC) to all clients worldwide. As you focus on growing your business, or acquiring large contracts, or venturing into new territories, Greniva Holdings AG Bank Guarantee (BG) and Standby Letter of Credit (SBLC) solutions will come in handy.

We understand that each business transaction is unique, which is why we are happy to customize our guarantees as per your specific needs for both international and domestic markets.