The Similarities and differences between Standby Letter of Credit and a Bank Guarantee
A Standby Letter of Credit and a Bank Guarantee are in reality very similar products. As a matter of fact, if we go back and look at the origination of the Standby Letter of Credit, we may be able to understand the similarity better. Under the Glass-Steagall Act, passed by the US Congress in 1933, […]
Purchase Order Financing, what is it and how can it help your business when trading?
Purchase order financing, also known as PO Financing is a short-term financing method that businesses can use to cover the cost of manufacturing or purchasing goods that have been presold to clients via a purchase order. For example, a company has a sales order for a customer for goods they don’t currently have in inventory. […]