Confirming Bank

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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.
References in periodicals archive ?
Through the Programme, the EBRD provides guarantees to international confirming banks and short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors.
The TFP currently includes over 100 partner banks in 23 countries where the Bank invests, with limits exceeding E1.5 billion in total, and more than 800 confirming banks worldwide.
Through the Programme, the EBRD provides guarantees to international confirming banks, as well as short-term loans to selected banks and factoring companies for on-lending to local exporters, importers and distributors.
"By joining our global network, Ohridska can build and strengthen relationships with over 250 international confirming banks," said Georgina Baker, IFC Director for Global Trade and Supply Chain Solutions.
Ameribank has been included in the list of EBRD confirming banks. This fact once again confirms the high status of Ameriabank as a
AfDB revealed that majority of African banks have small capital bases which constrain their ability to obtain adequate trade limits from international confirming banks and to undertake sizeable transactions that have significant development impact.
The TFFP will enable ADB to provide Pakistani banks access to more trade credit lines, help develop correspondent relationships with confirming banks; avoid the need to place cash collateral; and provide more support to importing and exporting clients.
The EBRDs Trade Facilitation Programme currently includes over 100 partner banks in 29 countries where the Bank invests, with limits exceeding 1.5 billion in total, and more than 800 confirming banks worldwide.
EBRD's TFP has been running since 1999 and includes over 100 partner banks in 26 countries where the EBRD invests, and more than 800 confirming banks worldwide.
Such valuable partnerships support the bank in pursuing its proactive strategy to provide innovative trade finance solutions that meet our clients' needs and help them grow their business." Running since 1999, the EBRD's TFP currently includes over 100 partner banks in 28 countries where the bank invests and more than 800 confirming banks worldwide.
The development bank added that the majority of African banks have small capital bases which constrain their ability to obtain adequate trade limits from international confirming banks and to undertake sizeable transactions that have significant development impact.
The TFP Information Session focused on "Financing Foreign Trade with Cyprus" and attracted 100 representatives from issuing and confirming banks under the programme, the International Chamber of Commerce, Vienna, the World Trade Organisation, as well as key trade finance professionals, regulators and economists.