Where Can I Get A Standby Letter Of Credit?

A Standby Letter of Credit (called“SLC or “LC” ) are written obligations of an issuing bank to pay a sum of money to a beneficiary on behalf of their customer in the event that the customer does not pay the beneficiary.  It is important to note that standby letters of credit apply only whenever the issuing bank's commitment to pay is not contingent on the existence, validity and enforceability of…