When shall standby letter of credit suspend?

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What is standby letter of credit (SBLC), uses of SBLC?
Posted by:
Sim Chea
16-July-2016

Letters Of Credit

Question added by Ahlam Al Aghbari
Date Posted: 2015/11/28

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Gopalakrishnan Manavalan

by Gopalakrishnan Manavalan , Group Financial Controller , Zumran Mining & Exploration Limited

the SBLC has to be cancelled when the underlying obligation is met or by mutual concent.

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