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A Standby Notice of Credit (SBLC), generally known as "备用信用证" within Chinese, is a new crucial financial application widely used within international trade in addition to business to promise payment security. Acting as a safety net, an SBLC is usually issued with a loan company on behalf of its client (the applicant) to offer assurance to another get together (the beneficiary) throughout case the consumer cannot meet contractual or payment responsibilities. Unlike traditional words of credit, which often are typically applied for imm
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