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Standby letters of credit--a versatile stand-in for cash.

Publication: San Diego Business Journal
Publication Date: 27-SEP-04
Format: Online - approximately 633 words
Delivery: Immediate Online Access
Full Article Title: Standby letters of credit--a versatile stand-in for cash.(Advertising Supplement)

Article Excerpt
What's one of most practical and underutilized financial instruments around for conducting business transactions? Domestically and internationally, a standby letter of credit (SBLC) can be a cost-effective and convenient alternative to cash deposits and certain credit facilities.

SBLCs can support your business in a variety of ways--enhancing your credit, conserving your cash, allowing you to conduct common business transactions more easily than alternative tools, and helping you take advantage of buying and selling opportunities that would otherwise be out of reach.

Conduct Transactions More Cost-Effectively

"Lease support is probably the most widely-known advantage of...

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