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Suppose the client wants to get financed based on the enhancement SBLC and before maturity date will return the SBLC with no liens and unencumbered, is this possible?

April 26, 2017based client Enhancement financed liens maturity date Return sblc wants

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Suppose the client wants to get financed based on the enhancement SBLC and before maturity date will return the SBLC with no liens and unencumbered, is this possible?

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Arrangements can be made to use the SBLC in this way, as long as there is an undertaking from the receiving bank, confirming that the instrument is returned to the issuer without any liens or encumbrances prior maturity.