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Documentary Credit Confirmation

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?

  • 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 8th consecutive year
  • Leverage DBS’ outstanding credit rating to ensure you receive payments if the documents submitted are in compliance with the terms of the Documentary Credit
  • Mitigate risk with our Documentary Credit Confirmation services, because we absorb its country and credit risk
  • Benefit from our negotiation or discounting services if your documents comply with the Documentary Credit terms and conditions

FAQs

What do you charge for a 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.

Who will bear the confirmation fee?

Whoever bears the confirmation fee should be clearly defined in the Documentary Credit terms and conditions.

Do I need a credit facility for a documentary credit confirmation?

No. However, adding confirmation is subject to availability of the issuing bank limit.

How long do you take to add confirmation?

We can confirm your documentary credit within one working day, subject to availability of the issuing bank limit.

Can DBS add confirmation if the Documentary Credit is advised to another bank?

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.

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Awards
Awards

Best Trade Finance Bank in Singapore, 2012, Alpha Southeast Asia

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