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    Question

    Which of the following is a contingent credit line

    sanctioned for the project at the time of financial closure to fund any cost overrun during the construction phase of the project?
    A Working capital Term Loan (WCTL) Correct Answer Incorrect Answer
    B Standby credit facility (SBCF) Correct Answer Incorrect Answer
    C Line of Credit (LoC) Correct Answer Incorrect Answer
    D Letter of Credit (LC) Correct Answer Incorrect Answer
    E Bank Guarantee (BG) Correct Answer Incorrect Answer

    Solution

    “Standby Credit Facility” – contingent credit line sanctioned for the project at the time of financial closure to fund any cost overrun during the construction phase of the project.

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