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INTERNATIONAL BANKING - International Banking Services
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Standby Letters of Credit |
A Standby Letter of Credit has a variety of uses. It serves to assure the performance of a contractual obligation, and is useful for both parties in ensuring the solidity of a business transaction. |
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To start, the beneficiary uses this instrument to ensure the receipt of compensation by making a demand against the Standby Letter of Credit if the applicant fails to perform his contractual obligation. At the same time, the applicant enhances his position when using this instrument in lieu of performance or bid bonds, indemnity or cash deposits. |
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If you have any questions about Standby Letters of Credit, please email us at info@eastwestbank.com. |
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Introducing East West Bank Student's Plus Program. If you are enrolled in an accredited university, city or vocational school, you are qualified to join our Student Plus Program and enjoy many great benefits.
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East West Business Equipment Leasing offers flexible and creative solutions to your company's equipment acquisition strategy. We offer business financing designed specifically for the needs of business customers. We help you get what you need when you need it -- at a cost that is in line with your budget.
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