Financial Bank Guarantee MT760, the popular trade finance solution that provides protection to both importers and exporters in cross border trade. This is used to mitigate losses if a transaction doesn’t...
Trade Finance includes a wide range of financial tools – Letter of Credit or Standby LC. Further, these trade finance facilities help importers and exporters to secure their domestic and...
You can find few similarities between Letter of Credit vs Bank Guarantee. But actually, both MT700 & MT760 serve different purposes by acting as separate Bank Instruments.
A South African trader who supplies Urea globally got a contract from different buyers all over the world. To secure their trade deal, each buyer demands Performance Guarantee. Since the...
A South Korean trader got a contract for the supply of crude oil in huge quantity in barrels. They came across a reliable supplier in Saudi Arabia. The supplier demanded...
A US-based trader wants to enter into the gold trade market. And they decided to utilize Standby LC (SBLC MT760) to purchase Gold Bars. Since the buyer was unable to...
A US-based company got a contract to import a large quantity of sugar from Brazil and supply to their buyers in Africa. To prove their financial strength to the supplier,...
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