Letter Of Credit Confirmation Service

Letter Of Credit Confirmation Service

Letter Of Credit Confirmation Service

Bottom line: add a second bank’s promise to pay. We secure confirmation on export LCs when the issuing bank or country risk is outside your policy. Pricing depends on issuer strength, country, tenor, currency, and documents. We coordinate wording, SWIFT, and reimbursement so funds arrive without delay.
What We Confirm
  • UCP 600 documentary credits
  • ISP98 standbys when beneficiary requires confirmation
  • Sight and usance, including UPAS
Standards & Messaging
  • MT700 issue, MT707 amendment
  • MT754 advice of payment or negotiation
  • Reimbursement via MT742, MT103, MT202 COV
Who It Fits
  • Exporters with buyer LCs from higher risk banks
  • Corporate policy requires confirmed LCs
  • Buyers who accept confirmation costs

Check Confirmation Eligibility

We estimate fee bands and tell you the likely route.

Step 1 of 14

How Confirmation Works

  1. Issue And Wording. Buyer’s bank issues the LC. We align wording to UCP 600 or ISP98 and beneficiary terms.
  2. Confirming Bank. We place the LC with banks that accept the issuer and country risk at target pricing.
  3. Advice And Fees. Confirmation is added. Fee letters and reimbursement path are set.
  4. Presentation. Documents are checked. At sight, funds flow per reimbursement. At usance, acceptance and maturity are tracked.
  5. Settlement. Proceeds move via MT103 or MT202 COV as applicable.

Typical Confirmation Fee Drivers

Factor Impact
Issuing Bank Quality Investment grade banks price tighter than unrated local banks.
Country Risk Higher risk jurisdictions lift the fee band and can limit capacity.
Tenor And LC Type Usance and transferability add risk time and complexity.
Currency And Amount Large amounts or scarce currencies widen spreads.
Documents And Discrepancy Risk Complex condition sets tend to price wider.

What We Cover

  • Bank selection and soft clear
  • LC wording review and confirmability
  • Fee benchmarking and acceptance windows
  • Reimbursement bank and SWIFT path
  • Presentation and discrepancy management
  • Silent confirmation or risk participation when needed
  • Status updates through maturity
  • Amendments and extensions

Ready To Add Confirmation

Send the draft LC, issuer details, and shipment plan. We will confirm availability and pricing.

Request A Term Sheet

Services are for corporate users. This is not a commitment to confirm. All engagements are subject to KYC, AML, sanctions, and confirming bank approvals.

Get Started With Us

Submit Your Deal & Receive a Proposal Within 1-3 Working Days

Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.


All submissions are promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.

Express Application Submit Your Deal
Request a Proposal
Request a Proposal / Submit a Deal

Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.

Trade Finance

Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.

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Access non-recourse funding for infrastructure, renewable energy, or other capital-intensive ventures. We mitigate capital constraints by isolating project assets and focusing on risk management. Provide your details to receive a structure that drives growth and maximizes returns.

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Acquisitions

Secure financing for business or real estate acquisitions. We ease transaction hurdles by reviewing cash flow, synergy opportunities, and exit plans. Complete the form for a customized proposal that supports your strategic investment objectives.

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For Banks

Financely assists banks facing Basel III pressures by distributing trade finance deals and providing collateral for letters of credit. We reduce capital burdens while preserving client relationships and fostering service expansion. Submit your request to optimize your trade finance offerings.

Submit a Request

Once we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.

Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.

Still Have Questions? Schedule a Consultation

If you still have questions after visiting our FAQ and Procedure pages, we invite you to book a paid consultation for personalized guidance. A $250 USD fee applies per session.