Letter of Credit Confirmation

Product Detail

SCB HCMC's L/C Confirmation Service gives you assurance of payment when exporting into emerging-market countries or other risky circumstances. If your company has doubts about a customer's L/C issuing bank or potential instability in the customer's nation, SCB HCMC's L/C Confirmation service is the answer.
You must inform your counterparty to issue the L/C by nominating Siam Commercial Bank as the L/C Advising Bank and L/C Confirming Bank.
If the L/C Issuing Bank fails to make payment, or if the country of the Issuing Bank restricts such payment, SCB HCMC will make the payment on the L/C when you submit collection documents in compliance with the L/C conditions.

Highlights

SCB HCMC confirms payment for L/Cs issued by various banks around the world*
* Subject to SCB credit availability with Issuing Bank

Get professional assistance from our Trade specialists at any one of SCBM’s branches.

Benefits

You can produce or deliver goods with confidence that you will be paid.
Reduce the risk of non-payment by an unfamiliar or doubtful L/C Issuing Bank.
Expand your client base by exporting under L/Cs with new trading partners around the world and into new markets that may carry higher risks.
Increase your business's liquidity by making use of the confirmed L/C to request SCB HCMC to buy/discount documents under L/C.

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