SCBM's L/C Confirmation Service gives you assurance of payment when exporting into emerging-market countries or other risky circumstances. If your company has doubts about a customer's L/C issuing bank or potential instability in the customer's nation, SCBM's L/C Confirmation service is the answer.
You must inform your customer to issue the L/C by nominating Siam Commercial Bank as the L/C Advising Bank, L/C Confirming Bank and L/C Negotiating Bank. The payment method must be via Reimbursement.
If the L/C Issuing Bank fails to make payment, or if the country of the Issuing Bank restricts such payment, SCBM will make the payment on the L/C when you submit collection documents in compliance with the L/C conditions