BG Bank Guarantee

A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan.

Bank guarantees are frequently used in international trade and ensure both sides in a contractual agreement from credit risk.

SBLC Standby Letter of Credit

SBLC a guarantee of payment by a bank on behalf of their client in which the bank fulfills payment obligations by the end of the contract if their client cannot. Financial standby letters of credit ensure financial contractual obligations are fulfilled.

Bank Instruments BG SBLC Monetization
Monetization - is the process of liquidating bank instruments BG SBLC by converting into cash or cash equivalent.