Examples of 'standby letters' in a sentence

Meaning of "standby letters"

standby letters: Legal or financial term referring to a type of guarantee or obligation provided by a financial institution to pay a specific amount if the party in question fails to fulfill a commitment

How to use "standby letters" in a sentence

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standby letters
Irrevocable standby letters of credit having the character of credit substitutes.
International payments including independent guarantees and standby letters of credit.
Financial standby letters of credit ensure financial contractual obligations are fulfilled.
These private rules of practice are intended to apply to standby letters of credit.
Guarantees and standby letters of credit carry the same credit risk as loans.
Processing platforms to handle your letters of credit, collections, standby letters of credit and guarantees.
Comfort letters for two standby letters of credit issued by Caixa Geral de Depósitos CGD.
Loans to Kuwaiti party ; standby letters of credit.
Import and standby letters of credit are an extension of credit, like a loan.
Convention on Independent Guarantees and Standby Letters of Credit ( 1 case ( s ) ).
Irrevocable standby letters of credit ; ( ii ) Commitments.
More information on standby letters of credit!
New rules for standby letters of credit, the International Standby Practices/ISP98.
The principal types of guarantees are standby letters of credit and performance guarantees.
Documentary credits Standby letters of credit, Deposits and Guarantees, in accordance with URDG 758.

See also

Documentary credit / standby letters of credit.
Comfort letters for two standby letters of credit issued by CGD.
Letters of credit ( also standby letters of credit ) at floating rates X.

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