Day: November 21, 2023

Deciphering Letters of Credit: Unraveling the Differences Between Standby and Commercial Letters

Post author By bankinstrumentsforum
Post date November 21, 2023

Deciphering Letters of Credit: Unraveling the Differences Between Standby and Commercial Letters Unveiling the Distinctions in Letters of Credit Understanding the Basics Letters of Credit (LC) are indispensable tools in international trade, providing a secure means of facilitating transactions. Among the various types, Standby Letters of Credit (SBLC) and Commercial Letters of Credit serve distinct […]

Decoding Standby Letters of Credit: A Guide to Different SWIFT Message Numbers

Post author By bankinstrumentsforum
Post date November 21, 2023

Decoding Standby Letters of Credit: A Guide to Different SWIFT Message Numbers Understanding SWIFT Message Numbers in Standby Letters of Credit (SBLC) Navigating the World of SBLC Transactions Standby Letters of Credit (SBLC) are vital instruments in international trade, providing assurance and financial backing to parties involved. Behind the scenes, the SWIFT messaging system plays […]