L/C confirmation is the first payment obligation undertaken independently by our branch for the beneficiary beyond the issuing bank.

Advantages:

1. Reduction of risks and acceleration of the capital turnover. Confirmation of L/C can help exporters prevent from the credit risks of the issuing bank, the country risks of issuing bank and the foreign exchange regulation risks.

2. Double guarantee. Apart from the conditional payment undertaking made by the issuing bank, the exporters can get additional conditional payment undertaking from our branch, placing the exporters under double payment guarantee.

3. Payment collection guarantee. If you make a compliant presentation under the L/C, after approved by our branch, you can gain the non-recourse payments or payments promises.