- Choose Your Website
- Personal Banking
- Personal Banking
- Wealth Management
- DBS Treasures
- DBS Treasures Private Client
- DBS Private Bank
- Institutional Banking
- SME Banking
- Corporate Banking
- DBS Group
- About DBS
Export Services
Eliminate credit and country/region risks associated with your Letter of Credit
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?
Pricing differs on a case-by-case basis. Our charges depend on the credit rating of the issuing bank, the amount and the validity period of the Letter of Credit.
Whoever bears the confirmation fee should be clearly defined in the Letter of Credit terms and conditions.
No. However, adding confirmation is subject to availability of the issuing bank limit.
We can confirm your letter of credit within one working day, subject to availability of the issuing bank limit.
Yes we can, as long as DBS is authorised to add confirmation.
Best Trade Finance Bank in Singapore
Best Trade Finance Bank in Singapore
Best Trade Finance Bank in Singapore
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.
DBS BusinessCare: 2290 8068