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Call for Paper - December 2018 Edition
IJME solicits original research papers for the December 2018 Edition of IJME. The date of manuscript submission is Open
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Bank Demand Guarantee and Standby Letter of Credit as collaterals in International Trading Operations

Aleksandar Lukic

Abstract


Bank demand guarantees have become an established part of international trade. This financial instruments are often used in trade financing when suppliers, or vendors, are purchasing and selling goods to and from overseas customers with whom they don't have established business relationships. The instruments are designed to reduce the risk taken by each party. In this sense bank demand guarantees are similar to standby letters of credit. Similarities and differences among them are the subject of this paper.

Keywords


bank guarantee, demand guarantee, contract, security claims, standby letter of credit

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