https://www.123articleonline.com/rss/author/268673/royal-bank-pacificArticles written by Royal Bank Pacific from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1172946/a-standby-letter-of-credit-what-is-it-and-how-is-it-used-in-international-trade The standby letter of credit is a performance guarantee that will ensure that the payment for the goods will be definitely paid in case the buyer defaults