A Standby Letter of Credit helps your company source by providing SCB's guarantee of payment to your vendor if the contractual obligations are met.
Product Detail
A Standby Letter of Credit helps your company source by providing SCB's guarantee of payment to your vendor if the contractual obligations are met.
● SCB guarantees payment to your vendor● Increases your business opportunities
Qualifications
● Good financial history
● Business track record. (Number of years depends on type of business.)
Document Required
![](https://static.ltdcdn.com/uploadfilev2/image/0/467/309/2022-11/16691087303914.png)
The consideration is in line with the Bank's guidelines.
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