L/C Confirmations

By mmuise
Description:

Other than the issuing bank of an L/C, Bank of China (Canada) may add its confirmation to a L/C, thereby adding an independent payment obligation.


Comments on Funding:

Export payment security is enhanced through Confirmation of Letters of Credit (L/Cs).

Deadline: Continuous Intake
Eligibility:

This product is beneficial to the following:

  • Exporters who wish to obtain a payment obligation from a bank other than the issuing bank.
  • Exporters who wish to ensure receipt of funds after presentation of documents even if the issuing bank has a good credit standing.
Application Steps:

For inquiries, applicants must call BOCC's service hotline: 1-844-669-5566.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

n/a

About the author
mmuise