Eliminate credit and country risks associated with your Documentary Credit
Eliminate credit and country risks associated with issuing banks with DBS Documentary Credit Confirmation service. When you are uncomfortable with the credit rating of the issuing bank or political climate of the issuing bank’s country, you can ask your buyer to allow us to confirm the Documentary 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 Documentary 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 Documentary Credit.
Whoever bears the confirmation fee should be clearly defined in the Documentary Credit terms and conditions.
No. However, adding confirmation is subject to availability of the issuing bank limit.
We can confirm your documentary 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.
How do I apply?
No application is needed. We will confirm your Documentary Credit automatically if it authorises DBS to add confirmation. We will notify you by letter when it’s been completed.