Download the Standard Bank App
& benefit from these features:
• Balance Enquiries
• Payments and Transfers
• TouchID

Letters of credit

A guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfil a contractual commitment with a third party. Letters of Credit are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities.


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