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Different Types of Standby Letter of Credit Offered by Oxford Credit Banque

Introduction: Sometimes known as the SLOC, the standby letter of credit is a versatile financial document that promises to have funds drawn down upon the applicant’s failure to meet particular responsibilities. Oxford Credit Banque offers several standby letter of credit products designed to serve the varying needs of home and international commerce. In this blog …

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Understanding the Instruments of Trade Finance

Introduction Trade finance serves as the lifeline of these transactions, providing the necessary tools and instruments to mitigate risk, ensure payment, and facilitate the smooth flow of goods and services across borders. This blog delves into the key instruments of trade finance, explaining their functions, benefits, and the roles they play in international trade. Key …

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Risk Mitigation through Letters of Credit

Introduction One of the most effective tools for risk mitigation is the Letter of Credit (LC). This financial instrument offers a safety net for both buyers and sellers, reducing the risks associated with international transactions. This blog explores how letters of credit help in mitigating risks, their various types, and best practices for leveraging them …

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The Process of Issuing and Confirming a Letter of Credit

Introduction Letter of Credit (LC) is a critical financial instrument that facilitates transactions by providing security and assurance to both buyers and sellers. Understanding the process of issuing and confirming a letter of credit is essential for businesses engaged in global trade, as it ensures smooth and secure transactions. This blog will walk you through …

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