LC confirmation is the definite undertaking of the confirming bank (The bank that adds confirmation on the LC), in addition to the undertaking of the issuing bank, to honor or negotiate a complying presentation. Confirmation eliminates the country risk and insolvency risk of the issuing bank.
Importers frequently find its difficult to get a confirming bank
- which is acceptable to exporter
- who can provide confirmation for a long tenor LC
- Whose pricing is competitive
- Our ability to place your requirement with more than 50 confirming banks located in different continents.
- Versatile knowledge of our consultants on Global Trade financing Markets
- Our proven track records in the Bangladesh market.