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“Bank Guarantee is the commitment given by the issuing bank (Guarantor) to the beneficiary. The claim shall be made by the beneficiary within the guaranteed period and as per the terms and conditions of the bank guarantee given by the issuing bank, once the beneficiary completes the terms and conditions then the issuing bank will issue the Bank Guarantee within the stipulated time period to the beneficiary.”
A standby letter of credit (SBLC/SLOC) is a financial instrument used primarily in international trade and domestic construction projects. The SBLC is issued from the bank on behalf of the beneficiary according to the guarantee terms. Once the beneficiary completes the terms and conditions then the issuing bank will issue the SBLC within the stipulated time period to the beneficiary.
Project Funding Loan is the funding (financing) of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The funding request shall be made by the beneficiary loan seeker within the guaranteed funding period and as per the terms and conditions of the funding requirement, once the beneficiary loan seeker completes the terms and conditions then project funding loan will be issued within the stipulated time period to the beneficiary.
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