Letter of Credit Confirmation - Export Services | DBS CN Corporate Banking

Letter of Credit Confirmation

Eliminate associated risks with your Letter of Credit

Eliminate associated risks with your Letter of Credit

At a Glance

Eliminate credit and country/region risks associated with your Letter of Credit (LC).

If you are uncomfortable with the credit rating or country/region risks of the issuing bank, you can inform the buyer to let us to confirm your LC

Once the documents presented are in order, we will negotiate and convert receivables to cash immediately upon your request

Our negotiation or discounting services are made available to you with LC confirmation

Features & Benefits

Ensure you receive payments if documents submitted comply with the terms of LC

We will absorb the country/region and credit risks with our LC Confirmation services

How to Apply

Contact your Relationship Manager if you wish to add confirmation to your LC. Once it is added, we will notify you by letter.

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FAQs

	What do you charge for Letter of Credit Confirmation?
	Pricing differs. Charges depend on the credit rating of the issuing bank, the amount and validity period of the LC.

	Who will bear the confirmation fee?
	Whoever bears the confirmation fee should be clearly defined in the LC terms and conditions.

	Do I need a credit facility for a Letter of Credit Confirmation?
	No. However, adding confirmation is subject to availability of the issuing bank and the country limit.

	How long do you take to add confirmation?
	We can confirm your LC within one working day, subject to availability of the issuing bank and the country limit.

	Must the Letter of Credit be advised through DBS?
	Yes, we will need the LC to be advised through us. This ensures that we receive and authenticate the LC and all subsequent amendments if any.

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