Bank Guarantees (BG) and Standby Letters of Credit (SBLC) are essential financial instruments that provide assurance in global trade and investment. A BG acts as a safety net, ensuring that a bank will cover the obligations of a buyer if they fail to meet their commitments. On the other hand, an SBLC serves as a backup payment guarantee, ensuring the beneficiary receives payment if th... https://www.ganarltd.com/business-loan/bg-sblc.html