Letter of Credit Confirmation

For the Exporter

Letters of Credit issued by unfamiliar banks located in unfamiliar regions may pose a risk to the exporter. Payments may not be guaranteed if the bank's credit worthiness is questionable or the bank is located in an unstable country. RHB Bank can help the exporter mitigate bank and country risks by adding confirmation to your Letter of Credit. Adding RHB Bank's confirmation to the Letter of Credit allows RHB Bank to guarantee payment to the exporter upon presentation of compliant documents. Therefore RHB Bank eliminates bank and country risk and the exporter is assured of payment at all times.

Benefits

• Exporters are assured of payment from the confirming bank upon presentation of compliant documents under Letter of Credit
• Allows the exporter to trade in unfamiliar regions
• Allows the exporter to prepare the shipment as payment is guaranteed upon presentation of compliant documents
• Documents negotiated or discounted under confirmed Letter of Credit are without recourse to the seller