What do you charge for Letter of Credit Confirmation?

Pricing differs. Charges depend on the credit rating of the issuing bank, the amount and validity period of the LC.

Who will bear the confirmation fee?

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

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

We can confirm your LC within one working day, subject to availability of the issuing bank and the country limit.

Yes, we will need the LC to be advised through us. This ensures that we receive and authenticate the LC and all subsequent amendments if any.

Eligibility & Fees

Contact your Relationship Manager for confirmation rate.

How to Apply

Contact your Relationship Manager if you wish to add confirmation to your LC.
Once it is added, we will notify you by letter.

FAQs

	What do you charge for Letter of Credit Confirmation?
	Pricing differs. Charges depend on the credit rating of the issuing bank, the amount and validity period of the LC.

	Who will bear the confirmation fee?
	Whoever bears the confirmation fee should be clearly defined in the LC terms and conditions.

	Do I need a credit facility for a Letter of Credit Confirmation?
	No. However, adding confirmation is subject to availability of the issuing bank and the country limit.

	How long do you take to add confirmation?
	We can confirm your LC within one working day, subject to availability of the issuing bank and the country limit.

	Must the Letter of Credit be advised through DBS?
	Yes, we will need the LC to be advised through us. This ensures that we receive and authenticate the LC and all subsequent amendments if any.

Get in Touch