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A Letter of Credit is a written undertaking issued by a bank assuring the buyer’s payment towards the seller.

A Standby Letter of Credit (SBLC) is a written undertaking issued by a bank on behalf of its client.

Also called a Bank Guarantee or BG MT760, it’s issued by a bank on behalf of its client upon their request.

Bank Comfort Letter, a written undertaking by a bank to assure the financial capability of their client to sign the contract.

Performance Bond or Performance Guarantee or Surety Bond is a Bank Instrument issued by a bank on its clients’ behalf.

Bid Bond – Tender Guarantees are issued by banks on behalf of contractors and in favor of project owners.

Advance Payment Guarantees acts as an assurance to secure the advance payment made by the project owner or buyer towards the contractor or seller.