JFC Micro supports SMEs via SLBC

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The Japan Finance Corporation Micro Business and Individual Unit (JDF-Micro) has new support program for Japanese SMEs—Standby Letter of Credit (SLBC) program. An SLBC is a Letter of Credit issues for guarantee purposes. JFC issues SBLCs for affiliated overseas financial institutions in order to assist overseas branches and associated firms of Japanese SMEs,( i.e., SMEs’ overseas subsidiaries) to obtain funds in local currencies from overseas financial institutions smoothly. This program has many advantages for overseas SMEs’ subsidiaries. For example, they can avoid the risk of exchange fluctuations and improve the financial standing of their parent companies in Japan, etc.. JFC Micro supports the overseas expansion of Japanese SMEs through this program.

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