Stand-by credit
Stand by credit Japanese banks will issue local banks as beneficiaries to guarantee debt repayment when overseas branches and overseas affiliates of the company receive loans and guarantees from the site. In the event of default, the local bank will present with the Statement etc and make the remuneration of the obligation. Overseas SBLC (Stanby It stands for Letter of Credit).
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Post Date : 2018-02-08 06:00
This article is taken from the Japanese Wikipedia Stand-by credit
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