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Sight Letter of Creditदृष्टि प्रतीतपत्रA sight letter of credit is an LC under which payment is made as soon as compliant documents are presented.Forex & Trade FinanceSpecial Drawing RightsSDRविशेष निकासी अधिकारSpecial Drawing Rights are an international reserve asset created by the IMF and allocated to member countries, valued on a basket of major currencies.Forex & Trade FinanceSpot Transactionस्पट कारोबारA spot transaction is a foreign exchange deal settled immediately, normally within two business days, at the current spot rate.Forex & Trade FinanceStandby Letter of CreditSBLCस्ट्यान्डबाइ प्रतीतपत्रA standby letter of credit is a bank's undertaking to pay the beneficiary if the applicant fails to perform an obligation, functioning like a guarantee in LC form.Forex & Trade Finance