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A Standby Notification of Credit (SBLC), generally known as "备用信用证" in Chinese, is some sort of crucial financial device widely used throughout international trade in addition to business to guarantee payment security. Appearing as a safety internet, an SBLC is definitely issued by a standard bank on behalf involving its client (the applicant) to offer assurance to another party (the beneficiary) inside case the consumer cannot meet contractual or payment requirements. Unlike traditional characters of credit, which often are