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For Exporters
Export Letter of Credit Confirmation
When exporting goods to an overseas customer, you can increase control and the certainty of payment by arranging confirmation of the Letters of Credit from your buyer's bank. Your buyer arranges for his bankers to issue a Letter of Credit through Standard Chartered, requesting that "confirmation" be added to the credit.
Once all the documents have been submitted to the confirming bank and are in compliance with the terms and conditions of the Letters of Credit, you have the certainty that payment will be made, reducing your risk with the importer, their banker and their country. Confirming Letters of Credit is especially advantageous when dealing in unfamiliar markets or with first time buyers.
What does Standard Chartered offer?
Standard Chartered's Letters of Credit Confirmation reduces your exposure to bank failure, political uncertainty and country risk. This helps ensure you receive payment for your goods without delay.
Our extensive international network and correspondent relationships extend across the emerging markets, providing you with the confidence to do business around the globe. Our particular strengths are in Asia, the Middle East, Africa and Latin America.
Why should you use Standard Chartered for Letters of Credit Confirmation?
You can explore new markets and business opportunities overseas with greater confidence. Standard Chartered's extensive experience and insight into the risks and rewards of international trade increase your flexibility to take advantage of business opportunities while controlling risks.
You can provide agreed credit terms to your buyer, and as Standard Chartered will accept the bill of exchange, you may use it to obtain immediate financing. By obtaining Standard Chartered's confirmation of a buyer's letter of credit, you significantly reduce your risk against what might be an unfamiliar bank in an unfamiliar country.
The process of negotiating your documents is greatly simplified: you can deal with Standard Chartered in your own territory rather than a bank in the importer's country. You can rely on Standard Chartered's trade expertise to guide your transactions in markets unfamiliar to you.
Standard Chartered can also, at your request, arrange a "Silent Confimation" (also known as payment guarantee), to the letter of credit to provide you the guarantee of payment.
 For
Exporters
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