Top 5 Banks for Confirming Letters of Credit
Top 5 Banks for Confirming Letters of Credit
Letter of credit confirmation provides a second payment undertaking. It protects exporters against issuing bank and country risk. The strongest confirming banks combine wide correspondent networks, balance sheet capacity, and experience in complex jurisdictions. Below are five banks regarded as leaders in LC confirmation under UCP600.
“When counterparties are uncertain, confirmation is the extra layer that gets a deal done. The best banks handle it with speed and enforceable wording.”
The 5 Banks Known for Confirmation Strength
- HSBC — Global correspondent reach, especially strong in Asia and the Middle East.
- Standard Chartered — Deep coverage in Africa and frontier markets where confirmation is critical.
- Citi — Consistent confirmer with robust North America and Europe network.
- JPMorgan Chase — Large capacity and experience with high-value commodity trade confirmations.
- Deutsche Bank — Longstanding leader in structured confirmations across Europe and emerging markets.
Snapshot: Coverage and Typical Speed
Need LC Confirmation Support
We arrange confirmations through international banks with enforceable wording and synchronized discounting. Submit your trade details and we will return a draft term sheet.
Request a Term SheetFinancely is a placement and advisory firm. We are not a bank and do not confirm LCs ourselves. We arrange confirmation and discounting with our network of international banks. All mandates require AML/KYC and sanctions screening. Any securities-related activities, where applicable, are conducted through a licensed chaperone, Member FINRA/SIPC.
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