Letter of Credit Confirmation Services

for Exporters and Traders

Letter of Credit Confirmation Services
Service Scope We arrange a second bank to add its confirmation to an export LC, giving a payable undertaking from a rated confirming bank. We manage text review, risk checks, pricing, and issuance under UCP 600 or applicable rules.
Engagement Process
  • Sign engagement letter to confirm scope and fees
  • Upload draft LC, sales contract, commercial docs, and KYC
  • Pay retainer to start bank approach and text alignment
  • Confirmation issued 3–14 working days after bank approval
Who It's For Exporters, traders, and manufacturers shipping to higher risk markets or dealing with lower rated issuing banks, LC sizes from $500k to $100M.
Key Benefits
  • Eliminates issuer and country risk up to the confirmed amount
  • Improves discounting terms and cash conversion
  • Gives a clean, payable undertaking on compliant presentation
When To Add Confirmation
  • Issuing bank unrated or on watch lists
  • Challenging jurisdictions or FX transfer risk
  • Need for post negotiation discounting at better rates
Parties Involved
  • Applicant: Buyer requesting the LC
  • Issuing Bank: Opens the LC in buyer country
  • Beneficiary: Exporter named in the LC
  • Confirming Bank: Adds its payment undertaking
  • Advising/Notifying Bank: Delivers the LC to the exporter
Compliance & Risk We align LC terms to shipment reality, remove soft clauses, set workable presentation periods, and ensure sanctions and AML screening to avoid refusal on presentation.
Banks We Work With HSBC, JPMorgan Chase, Standard Chartered, and other banks active in LC confirmation and discounting.
Timeline 3 to 14 working days from engagement, subject to LC text quality, jurisdiction, and bank queues.
*financely-group.com – Export LC Confirmation & Discounting Support*
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