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
SCBM confirms payment for L/Cs issued by various banks around the world*
* Subject to SCBM’s risk appetite on transaction date
Get professional assistance from our Trade specialists at any one of SCBM’s branches.
You can produce or deliver goods with confidence that you will be paid
Reduce the risk of non-payment by an unfamiliar or doubtful L/C Issuing Bank
Expand your client base by exporting under L/Cs with new trading partners around the world and into new markets that may carry higher risks
Increase your business's liquidity by making use of the confirmed L/C to request SCBM to buy/discount documents under L/C