Letter of Credit Confirmation

Eliminate credit and country/region risks associated with issuing banks with DBS Letter of Credit Confirmation service. When you are uncomfortable with the credit rating of the issuing bank or political climate of the issuing bank’s country/region, you can ask your buyer to allow us to confirm the Letter of Credit. Once confirmation is added and the presentation of documents is in order, we’ll negotiate your documents and convert your receivables to cash immediately.

Why choose DBS Letter of Credit Confirmation?

• Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asia Banker in 2012. We also received this accolade from Global Finance in 2012, for the 8^th consecutive year
• Leverage DBS’ outstanding credit rating to ensure you receive payments if the documents submitted are in compliance with the terms of the Letter of Credit
• Mitigate risk with our Letter of Credit Confirmation services, because we absorb its country/region and credit risk
• Benefit from our negotiation or discounting services if your documents comply with the Letter of Credit terms and conditions

How do I apply?

No application is needed. We will confirm your Letter of Credit automatically if it authorises DBS to add confirmation. We will notify you by letter when it’s been completed.