Letter of Credit Confirmation
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

 

Letter of Credit Confirmation

It is a definitive undertaking in addition to that of the LC issuing bank which guarantees that the bank adding confirmation will pay the seller against submission of credit compliant documents if the LC issuing bank fails to honour its commitment thereby mitigating the risk of the LC issuing bank.

 

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