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DC Confirmation

Why is this export service right for you?

 

You may be dealing with buyers whose DCs are issued from a country which you perceive as risky. You may also just want the extra comfort of a bank in your country guaranteeing payment for your exports.

 

Getting your export DCs confirmed will:

  • Provide double protection for Documentary Credit (DC) payments.
  • Reduce your exposure to risk.

SABB provides DC Confirmation for the widest ranges of DC issuing banks.

 

Other Benefits

  • Assures payment by SABB against compliant documents even if the DC issuing bank is unable to pay.
  • Often used for business transactions with buyers in developing countries
  • Eliminates the contingent liability in your books as you can receive payment from SABB without recourse to you once you present compliant documents under the DC.
  • Competitive rates

SABB is part of the HSBC Group whose global network provides intelligence on the financial strength and standing of the DC issuing bank.

 

How Does DC Confirmation Work?

Your buyer’s bank should include a request for confirmation in the terms of the DC which will be transmitted to SABB. We will then include the fact that the DC bears our confirmation when we advice it to you.

 

Other Useful Information and Services

  • Instant@dvice
  • DC Safe Custody
  • Trade Finance
  • SABB Amanah Trade Solutions

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