In order to obtain a standby letter of credit, a buyer has to contact a bank and establish their creditworthiness. The bank may ask for additional collateral if the risk or the amount is too high. Once the buyer fulfills all the conditions and the bank deems them fit for receiving the credit, the bank issues them an SBLC and charges 1% to 10% from the issue of work order. The bank guarantee will be valid for a period of 12 months or such other extended period as the Bank may decide for due performance of the obligations undertaken by the successful bidder.The bank guarantee should be issued by any scheduled commercial bank, other than SBI. According to eFinance Management, Standby LC costs more to issue than a standard LC. The costs to issue a regular SBLC range from 1% to 10% of the covered amount, while the costs to issue an LC range from 0.75% to 1.50%. Therefore, it is estimated that an SBLC issuance transaction costs $500 on average. Ecommerce is an umbrella term that covers the buying and selling of goods online through shopping portals and a variety of other channels. You can use your HDFC Bank credit and debit cards to purchase goods online. ECS. Stands for Electronic Clearing Service. . Simply put, these CSPs act as a bridge between the bank and the customers. Full form of CSP is Customer Service Point. CSPs are authorised representatives of the bank and offer basic banking services like account opening, cash deposit, cash withdrawal, balance inquiry, and fund transfers to customers. These CSP make house visits as well. INVESTOPEDIA: A letter of credit is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. Due to the nature of international Coupling liquid chromatography (LC) with mass spectrometry (MS) has provided scientists with a powerful tool to meet stringent analytical demands and their versatility and efficiency means LC-MS instruments have become desirable in many laboratories. In this article, we consider how LC-MS works, what it tells us and highlight some of the technique's strengths and weaknesses. IEM IFC IFCI IFI IFR IIBI IIP IIP IIT IMD IMF IMFC. INFINET IOSCO. IPO IRB IRDA. IRF IRS ISA ISP ISN IT ITES-BPO. xviii. Infrastructure Development Finance Company. Intra-day Liquidity. Internal Debt Management Department. Indian Depository Receipt. For Sight L/Cs equal or above $50K, Business Credibility Information (BCI) Report of the Beneficiary with satisfactory credit rating/conduct of account is required. BCI cannot be more than 1 year old. BCI obtained by one bank can be shared with others. All import Letters of credit shall compulsorily specify the border customs point through

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