MANAGEMENT DISCOVERY PTE LTD
- Business Type : Agents
- Year Established : 1982
- Main Markets : Americas,Africa,Asia,Caribbean,America,East Europe
- Main Products : Sblc Dlc Bg For Lease, Stand-by Letter Of Credit, Leasing,Lease, Cash, Collateral,Credit Enhancement,Bank Guarantee,Alternative Financing, Lowest Interest Rates, Cash Flow,Business Loans,Documentary Letter Of Credit,
- Country/Region : Singapore
- Links : Singapore Business Services, Singapore General Services, Singapore Other General Services,
Company Introduction
SBLC/BG & DLC Standby Letter of Credit (SBLC) and Bank Guarantee (BG) (ICC- Format 458) are issued to individuals, corporations, trust, pension funds, or non profit organizations on a Bank-to-Bank Basis for leasing. These Bank Instruments can be used as Collateral and Credit Enhancements for Commercial Loans. It is ideal for Companies planning to expand and do not want to give up equity in their Companies. SBLCs are issued for a variety of purposes, such as to improve the credit ratings for issuers of industrial development revenue bonds and commercial paper; to provide back-up facilities for loans granted by third parties; to assure performance under construction and employment contracts; and to ensure the account party satisfies financial obligations payable to major suppliers or under tax shelter programs SBLC is an irrevocable commitment on the part of the issuing bank to make payment to a designated beneficiary. It obligates the bank to guarantee or stand as surety for the benefit of a third party. SBLCs can be either financial-oriented, where the account party is to make payment to the beneficiary, or performance-oriented, where a service is to be performed by the account party. A SBLC differs from a commercial letter of credit in that the latter facilitates the sale of goods and is expected to be drawn upon by the beneficiary in the normal course of business, whereas the SBLC is not, generally, expected to be used unless the account party defaults in meeting an obligation to the beneficiary.
Contact Information
- Contact Person : Mr. PK Chia
- Department : Consulting
- Telephone : 65-65-93689382
- Mobilephone : 65-93689382
- Fax Number : 65-65-93689382
- Address : 2, Singapore, Kim Chuan Dr 04-02, Singapore
- Fax : 65-65-93689382
- Zip/Post Code : 537080
- Website : Visit website
Related Products:MANAGEMENT DISCOVERY PTE LTD
No advertising and no spamming please
MANAGEMENT DISCOVERY PTE LTD no reviews currently
No reviews currently, you may post the first one.
Refine by Updates
- Wenzhou Weipai Machinery Co.,Ltd
- Dental Cabinets New York
- Nan Tong Million Casket
- Woodever Industrial Co., Ltd
- Izmir Mutfak Mobilya Dekorasyon Insaat Emlak Otomotiv Ithalat Ihracat Sanayi Ve Ticaret Limited Sirk
- Luoyang Huadu Furniture Group Co.,Ltd
- QingDao HuaRui Furniture Co.,Ltd
- Putian City. Deming Machinery Manufacturing Co., LTD.
- Umit Makina Mattress Machinery
- R&D Marketing
- Foshan Wanjia Door and Window Co., Ltd
- Jiaxing Rolling Tech. Co Ltd