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Confirming Bank
(redirected from Confirming Banks)

    Also found in: Dictionary/thesaurus 0.01 sec.
Confirming Bank
The bank which has confirmed a letter of credit opened by another bank.
Confirming Bank
A bank that makes assurances to the relevant party that a letter of credit from another bank is genuine.
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Under their program, GTFP offers Confirming Banks a partial or full guarantee in covering payment risks on banks in emerging markets for trade related transactions.
First Gulf Bank joins International Finance Corporation's Global ... by CPI Financial
There are no fees to join the program, [which] allows banks to get immediate access to a network of 207 confirming banks in 85 countries.
IFC talks global trade finance at Exporta by Daily News Egypt (Egypt)
Since its inception the program has built a network of 59 issuing banks and 222 confirming banks in this region as well as in North America, Europe, Asia and Africa.
IDB to make first loan under its Trade Finance Facilitation Program; ... by Global Banking News (GBN)
 
 
 
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