A Bank Guarantee (BG) and a Standby Letter of Credit (SBLC) are two essential financial instruments that safeguard business transactions across borders. While both serve as guarantees, a BG assures the beneficiary of payment if the applicant fails to fulfill obligations, whereas an SBLC functions as a backup payment mechanism in case of default. Together, BG SBLC instruments provide c... https://www.ganarltd.com/business-loan/bg-sblc.html