stand-by letter of credit

The Loan by the stand-by letter of credit is the foreign exchange and credit guarantee loan charged with independence and first payment, and its low-risk characteristics decides the financing business.

备用信用证贷款是由开证行承担独立、第一性付款责任的外汇、信用保证贷款，其担保的有效性决定了融资业务的低风险特征。

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This Stand-by Letter of Credit is available by sight payment.

这份备用信用证在即期付款方式下才有效。

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To understand the stand-by letter of credit and its guarantee functions and to define its guarantee functions and to define its nature is very important to establish the credit conditions and to control risks effectively, and a basic demand to regulate its development as well.

认识备用证及其担保作用，明确业务性质，是确立信贷条件和有效控制风险的必要前提，也是规范业务发展的基本要求。

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instead, the imf should offer credit enhancements on the new bonds by creating a facility to underwrite a stand-by letter of credit.

相反，IMF应建立一个用来承保备用信用证的安排，帮助提升新发债券的信用等级。

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the nature, condition and risk control of rmb loan secured by the stand- by letter of credit

备用信用证担保人民币贷款的性质、条件及风险控制

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