Creditworthiness is how a sblc providers determines that you will default on your debt obligations, or how worthy you are to receive new credit line. Your creditworthiness is what creditors look at before they approve any new credit to you. Creditworthiness is determined by several factors including your repayment history and credit score. Some lending institutions also consider available assets […]
The term loan refers to a type of credit line in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans may […]
An RWA letter is a bank instruments that checks whether the bank or financial institution is in a position to carry out a range of different financial transactions on behalf of a customer. It is usually sent from the buyer’s bank to the seller’s bank and is usually sent together with the fast MT-799. There is no cash available, but […]
A SBLC is a bank that issues a payment guarantee on behalf of a customer, which is used as a last resort if the customer fails to fulfill a contractual obligation to a third party. A standby letter of credit is issued as a sign of good faith in a business transaction and shows that the company has repaid the […]