Merchant Credit and Guarantee Corporation Limited

A letter of credit is a very important tool for facilitating global trade. It advantages both the exporters and importers. An import letter...

As you may know, A Letter of Credit is a payment term that is mainly utilized for long-distance and global business transactions. Letters of credit are crucial for worldwide transactions as they make sure that payment will be obtained. Using documentary...

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Performance Standby Letter of Credit means a standby Letter of Credit under which the recipient is at liberty to draw thereon in the event that the account party (or the Person or Persons on whose …

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“What is a commercial letter of credit” is a frequent question for business owners. A commercial letter of credit is actually a contractual agreement between the banks or non-bank financial companies issuing the letter of credit that approves another...

There are a lot of reasons for the use of proof of funds and they are really advantageous. The most used areas are project finance, trade finance, credit enhancement, global finance and several oth…

Nowadays a lot of people are considering taking financial guarantees in order to secure their future financially. What is a financial guara...

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Before making use of Direct Pay Standby or Standby Letter of Credit (SLOC), you have to know all the important things about it. A Direct Pay Standby or standby letter of credit (SLOC) is a legal do…

Letter of credit is customisable and a very effective form which has the capability of enabling new trade relationships by reducing credit ...

Source: merchantcreditcorp.co

Performance guarantee is a promise that a person or a concern make that either the service will live up to certain expectation or the product will continue to work as expected for a certain time being. In the business world, there are countless such guarantees,...

What is a bank guarantee? It is a surety provided by a bank or any other financial institution that they will pay the debts incurred by an individual or an organisation in case they are unable to d…

A letter of credit is a highly customizable and effectual form which can enable new trade relationships by diminishing the credit risk, but it has the capability of adding on to the cost of doing some uncertain business in the form of formalities or bank...