Compare letters of credit and surety bonds with insights from Sriya Enterprise, helping businesses choose the right financial instrument for their needs. Letters of credit are issued by banks and guarantee payment to sellers, while surety bonds are provided by insurance companies or sureties to guarantee the performance or obligations of the buyer. Understanding the differences between these instruments is crucial for effective risk management in international trade. Our firm offers expert guidance on the advantages and limitations of both, ensuring businesses make informed decisions. Trust Sriya Enterprise for expert trade finance advice.
In international trade, businesses often face the challenge of maintaining cash flow while waiting for payment from overseas buyers. Letter of Credit (LC) discounting is a financial tool that helps exporters overcome this hurdle by converting future receivables into immediate…
