Standby Letters of Credit

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Credit Professionals Alliance

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Standby L/C Format - When it is desirable that the creditworthiness of a customer be supplemented by the assurance from the customer's bank that payment will be made, this format can be given to the customer to guide his bank in issuing the standby L/C.

Standby L/C Request - Designed to be given to a customer spelling out the terms and conditions which should be built in to a letter of credit to be issued by his bank.

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