Both Bank Guarantees and Letters of Credit are used in trading finance. But both are different financial instruments. In this Hindi video, we understand the difference between BG and LC. Signup to our new app for discounts and early access: ✔ https://assetyogi.com/signup/'>https://assetyogi.com/signup/
Time Stamps
00:00 Introduction
01:30 Meaning of Bank Guarantee (BG)
04:02 Meaning of Letter of Credit (LOC)
05:15 Comparison Between BG and LOC
06:25 Summary
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Bank guarantees are more popular in infrastructure and real estate projects while letters of credit are used mainly in international trade.
बैंक गारंटी और लेटर ऑफ़ क्रेडिट दोनों का उपयोग ट्रेडिंग फाइनेन्स में किया जाता है। लेकिन दोनों अलगअलग फाइनेंशियल इंस्ट्रूमेंट्स हैं। इस वीडियो में, हम BGऔर LC के बीच अंतर को समझेंगे।
बैंक गारंटी इंफ्रास्ट्रक्चर और रियल एस्टेट प्रोजेक्ट्स में उपयोग की जाती है जबकि लेटर ऑफ़ क्रेडिट का इस्तेमाल मुख्य रूप से इंटरनेशनल ट्रेड में किया जाता है।
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In this video, we have explained:
What is bank guarantee?
What is a letter of credit?
What is the difference between bank guarantee and letter of credit?
How bank guarantee is different from the letter of credit?
What is the main difference in bank guarantee and letter of credit?
Is bank guarantee and letter of credit is same?
When should you use bank guarantee and when should you use a letter of credit?
What is the difference in the concepts of bank guarantee and letter of credit?
How should you differentiate between bank guarantee and letter of credit?
How the process of bank guarantee is different from the process of the letter of credit?
How bank guarantee and letter of credit used?
What are the similarities between bank guarantee and letter of credit?
How to differentiate between BG and LC?
Why bank guarantee can't be used in place of letter of credit?
Can you use letter of credit instead of bank guarantee for business?
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