A Standby Letter of Credit (SBLC) is a financial guarantee issued by a bank to ensure payment in case a buyer defaults. Businesses use SBLCs for securing international trade and large transactions. Prominence Bank offers secure and swift SBLC issuance, helping clients build trust with global partners. Whether you're managing risk or expanding into new markets, understanding how a Standby Letter of Credit works can safeguard your financial dealings and support smooth commercial operations.