The nonbanking financial companies have been helping in financing various lines of business in an incomparable manner. And that is why in Thailand, a large number of business owners are developing an interest in dealing with the nonbanking financial companies. In the following passages, you can learn how these financing companies help with a non-performing letter of credit in Thailand. What is Non-performing Letter Of Credit? A guarantee of payment is issued by a bank for a client that is called ‘payment of last resort’ if the client fails to fulfill a contractual agreement with a third party. The non-performing letter of credit, also known as standby letters of credit is developed as a proof of good faith in business payments. These documents are also regarded as proof of a buyer’s credit quality and repay capabilities. The bank responsible in issuing the standby letter of credit aka non-performing letter of credit will perform a concise underwriting duty. This will assu