Manager Trade Finance Interview Questions and Answers

SBLC stands for Standby Letter of Credit and is a financial instrument used in international trade. Buyers credit is a type of short-term financing provided to importers.

• SBLC is a guarantee issued by a bank on behalf of a client to ensure payment to a beneficiary if the client fails to fulfill their contractual obligations.

• It is commonly used in international trade to provide assurance to the seller that they will receive payment even if the buyer defaults.

• Buyers credit, on t...read more