A Bank Guarantee (BG) and a Standby Letter of Credit (SBLC) are powerful financial instruments designed to provide assurance and security in transactions. A BG serves as a commitment from the issuing bank to cover the beneficiary’s losses if the applicant fails to fulfill contractual obligations. An SBLC, on the other hand, acts as a “payment of last resort,” ensuring that funds will ... https://www.ganarltd.com/business-loan/bg-sblc.html