| 单词 | Standby letter of credit |
| 释义 | 備用信用證 A form of letter of credit, under which the paying bank undertakes to pay a specified sum of money to a named beneficiary on presentation of specified documents by the beneficiary, to another bank. It protects one party against the other party’s failure to fulfil his or her obligations. The documents specified usually include a certificate that the primary debtor has defaulted under an underlying contract. The obligation of the paying bank to pay the named beneficiary on presentation of the relevant documents exists independently of the underlying contract. A standby letter of credit is similar in operation and effect to a first demand guarantee. See also Beneficiary; First demand guarantee; Letter of credit. 根據備用信用證，付款銀行承諾，在指定受益人向另一間銀行出示指明的文件時，支付有關受益人指定的款項。備用信用證針對未能履行合約責任的一方，並保障合約的另一方。指明的文件通常包括基本債務人欠繳相關合約的證明書。付款銀行在指定受益人出示有關文件時支付款項的責任，獨立存在於相關的合約上。備用信用證與即付形式作出的保證的運作及影響相若。另見 Beneficiary; First demand guarantee; Letter of credit。 |
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