Introduction: A bank guarantee is a legal document or formal assurance issued by one institution that confirms the debtor’s obligations will be met. Simply put, if a borrower fails to repay a debt, the bank will step in and take on the buyer’s liabilities. What does a bank guarantee refer to? A bank guarantee is …
Introduction: Sometimes known as the SLOC, the standby letter of credit is a versatile financial document that promises to have funds drawn down upon the applicant’s failure to meet particular responsibilities. Oxford Credit Banque offers several standby letter of credit products designed to serve the varying needs of home and international commerce. In this blog …
Different Types of Standby Letter of Credit Offered by Oxford Credit Banque Read More »
Introduction Trade finance serves as the lifeline of these transactions, providing the necessary tools and instruments to mitigate risk, ensure payment, and facilitate the smooth flow of goods and services across borders. This blog delves into the key instruments of trade finance, explaining their functions, benefits, and the roles they play in international trade. Key …
