Who is a Standby Letter of Credit Provider? Standby Letter of Credit Provider is a company like Grand City Investment Limited that provides Standby Letter of Credit Provider (SBLC MT760) and other bank financial instruments to its customers. So therefore, Grand City Investment Limited is a Standby Letter of Credit Provider, bg sblc provider, SBLC Monetizers & SBLCMT760 provider. What is a Standby Letter of Credit (SBLC/SLOC)? A standby letter of credit (SBLC/SLOC) is a guarantee of payment by a bank on behalf of their client. It is a loan of last resort in which the bank fulfills payment obligations by the end of the contract if their client cannot. A standby letter of credit can also be abbreviated SBLC or SLOC. A standby letter of credit is different from a Commercial Letters of Credit. Differences Between Standby Letter of Credit and Commercial Letters of Credit
