LC Confirmation Financing

LC Confirmation

ITFC is embarking on expanding the trade finance proposition to support the export transactions which are originated by the banks in the Member Countries . The direct beneficiary of this proposition are exporters who want to mitigate the credit and country risks of the LC Issuing Bank by availing the product.

How The Solution Works ?


Benefit Of Itfc’s LC Confirmation Product

Ability to attract & retain import clients by arranging confirmation of their LCs.

Leveraging on its A1 credit rating, ITFC’s LC Confirmation solution will benefit the LC Issuing Bank to get their LC accepted by the exporter, who might not be comfortable in taking the LC Issuing Bank’s risk on a standalone basis – i.e. improvement of risk profile.

Extended geographical coverage by way of leveraging ITFC’s broader network both in the Member and non-Member Countries.

The possibility to cover up to 100% of the LC value thus reducing the cash collateral need.

Risk coverage for challenging (i.e. LC with Escalation Clause) trade transactions

Quick Turn-around-time to review the workability of the LC & issue Confirmation letter favoring the beneficiary.

Ability to facilitate transactions under a trade facility with no commitment fee.

Capability to arrange market-based confirmation pricing.

Longer tenors (6 to 12 months) Risk coverage may be available for equipment and projects related LC transactions that have clear and defined benefits for the MCs.

Dedicated Relationship Managers are located in the Regional oces to serve business needs.

In addition, ITFC can also provide Line of Financing facility to the LC Issuing Banks for short-term import transactions.

Opportunity to build a relationship with IsDB Group.

Sorry this content is not available !

sorry, this content is not available right now, you can check it later