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Financing Standby Letters of Credit


A Financing Standby Letters of Credit is a written document issued by Bank of China U.S.A. at the request of the borrower to the lender, guaranteeing that the borrower will fulfill their obligation to repay the borrowed funds. These include Loan Standby Letters of Credit, Overdraft Standby Letters of Credit, Securities Issuance Standby Letters of Credit, and Credit Line Standby Letters of Credit.



Act as a guarantor

Bank of China U.S.A. acts as a guarantor to ensure a smooth transaction

Finance facilitation

Enhances borrower's creditworthiness and facilitates its financing.

Lowers cost

Lowers financing costs

Reduces contract breaches

Reduces the likelihood of contract breaches by indemnifying the damaged party and penalizing the defaulting party