Standby letters of credit come in two primary forms: the performance standby letter of credit and the financial standby letter of credit. The performance standby letter of credit works to ensure that work you have agreed to perform is performed in a timely and satisfactory manner.
For example, if you own an architectural firm and are contracted to build a museum, you may be asked to provide a performance SBLC that guarantees that you will finish the plans by the end of your contract term, and that the structure you design is sound and meets all requirements. If, for some reason, you are unable to finish, or your design is deemed unsafe or unbuildable, the SBLC will take effect and pay the museum a preset amount.
BROKERS: Brokers
are the life blood of our business and as a result we respect them,
value them and appreciate them. So new brokers are welcomed, appreciated
and compensated with good commission.
If you are interested to work with us, we would like to hear from you using the below contact details...
Company Name: Top Billion Finance Ltd.
Company Address: Room 1603-05, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong.
Company Address: Room 1603-05, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong.
Skype: topbillionfinance@gmail
Website: www.topbillionfinance
Email: info@topbillionfinance.Telephone: +852 8191 5275
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