Confirmed Letter of Credit
Take control of your global LCs from Canada
Uncomfortable with the credit standing of an LC opening bank? Worried about the political climate or credit risk of the buyer's country? ICICI Bank Canada can bring you peace of mind.
We assist you with our LC confirmation services by adding our confirmation to the LC. This assures your payment, subject to non-discrepant documents. This guarantee holds even if the LC opening bank does not pay.
You can also ask your buyers for Freely Negotiable LCs so that you have the control and flexibility to select your bank for managing your export receivables. With confirmation services, you eliminate foreign bank and country risks. Trust us to make exports a profitable and hassle-free process as well.
This service is subject to credit evaluation by ICICI Bank Canada.
Visit one of our branches for more information.