confirmation

Letter of Credit Confirmation

Eliminate associated risks with your Letter of Credit

Letter of Credit Confirmation

Eliminate associated risks with your Letter of Credit

At a Glance
Eliminate credit and country risks associated with your Letter of Credit (LC).
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Security

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

task

Simpler

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

service

At your service

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

Features & Benefits
money

Leverage our credit rating

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

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Minimise the risks

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

Eligibility & Fees

Contact your Relationship Manager for confirmation rate.

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.

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.