Techcombank confirms that the LC is Techcombank's firm commitment
to pay or discount the appropriate presented documents.
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Features and benefits of Confirmed LC
Features
Undertaking of Techcombank (confirming bank), in addition to that of the issuing bank, to honour or negotiate a complying presentation.
LC beneficiary may or may not have an account at TCB
Authenticated LC advised by TCB or other banks
Benefits
Customers are guaranteed payment, minimizing risks arising from the Issuing Bank
Customers can minimize risks related to the Bank and the country of the Importer
Customers are provided with a full service package at a reasonable fee, including: export document processing service, negotiation with/without recourse
