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Tag: Gold-backed SBLC

  • Gold-backed Standby Letter of Credit (SBLC)

    Gold-backed Standby Letter of Credit (SBLC)

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    by

    Aaron
    in

    Do banks issue gold-backed standby letters of credit (SBLC)? Banks can issue standby letters of credit (SBLCs) backed by various forms of collateral, including gold. However, whether a particular bank issues gold-backed SBLCs depends on the bank’s policies and the requirements of the client seeking the SBLC. A standby letter of credit is a financial…