Reason Why Are Nigeria Banks Cannot Trade On SBLC - Business - Nairaland
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| Reason Why Are Nigeria Banks Cannot Trade On SBLC by webcool(m): 10:47pm On Jun 16, 2019 |
What is SBLC A standby letter of credit (SLOC) is a lender's guarantee of payment to an interested third-party in the event the client defaults on an agreement. however is one wants to setup such facilities you need KYC / CIS and RWA, after that you must have a block fund of 15%-41% of the value to open such value but the case is different from Nigeria bank, reason is your bank will need customers instruction letter, Agreement between the parties, Collateral (100% pledge funds(cash) or the Banks credit line) this above request takes 15-25 days while oversea bank does that in 7days. Another drop yours. Cc: lalasticalala 1 Like |
| Re: Reason Why Are Nigeria Banks Cannot Trade On SBLC by oyekanwahab(m): 11:49pm On Jun 16, 2019 |
It better you go and take from AAA rated bank If you need SBLC CONTACT ME |
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