when would you need an slbc 
standby letters of credit are often used in international trade deals where the terms may be different between parties but that is not the only use anytime a buyer needs to guarantee payment for goods or services a sblc may be in order the bottom linea sblc is a powerful tool for companies negotiating large deals for goods or services with the backing of a commercial bank an sblc offers reassurance that an agreement will go through even in a worst case scenario but a sblc is not without cost there are fees and your creditworthiness will be assessed 