Confirmed Letter of Credit — How Confirmation Works and When to Ask for It
A second bank's undertaking to pay — usually one in your own country — on top of the issuing bank's How it works. A **confirmed letter of credit** carries the undertaking of a second bank, the **confirming bank**, as well as the issuing bank's. Under UCP 600 article 8, the confirming bank must honour or negotiate a complying presentation itself, without recourse to the exporter — so the exporter no longer depends on the issuing bank or its country being able to pay. Confirmation instructions — MT700 field 49. When to ask for confirmation. Frequently Asked Questions. Review trade finance options.
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