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Standby Letter of Credit

There are some cases where the processed work takes a lot of time may be for a week or a month. There are certain times when a client applies for the loans in banks, they are required to sign some agreements as well as submit some important documents. Hence it takes lots of time for investigation processes as well as verification before they could provide with the loan. Here is the chance when the bank issues with a standby letter of credit which ensures a security to the bank.

Stephen P. Fish

2643 Sycamore Street
San Jose, CA 95129

28th October 2010.

Subject: Standby letter of credit.

Dear Stephen,

We at Credit Crunch Associates, in accordance to our recent amendments & mutual agreement with State Bank of Bikaner; hereby notify to invite the interested prospective clients to enter in to an opening for unconditional, irrevocable standby letter of credit to be drawn at sight in favor of a sum amount of  One Lakh Fifty Thousand $ Only. The aforesaid bank authorities have been in affirmation with the said agreement & is by all means secured & authenticated in the court of law. Further to acknowledge that the aspirants have to abide by the terms & requisites prescribed only after having submitted the attested documents.

Yours Truly,

Raymond P. Tassone

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