|
This instrument indemnifies the parties involved from loss due to the breach of
contract and is used in general, for securing bid/performance or advance
payment.
|
| |
|
This instrument also can not be opened by a casual customer. This
facility is only for the customers who have account with the bank and have
completed all the formality and signed agreement and have established limits
from credit dept.
|
| |
|
Once the standby L/C is sanctioned we help in each
transaction from selecting the correspondence to making amendments for ease of
transactions. We get the L/C confirmed if needed.
|