Citibank Letter of Credit Confirmations
In today’s international credit markets, exporters often need to use their financial resources or bank relationships to effect a trade sale. Buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East may be unable to obtain international credit on their own.
A Citibank Letter of Credit Confirmation enables exporters to minimize both the importer’s country risk and the issuing bank’s commercial credit risk. It assures you of payment by the confirming Citibank branch—which is particularly valuable when your client is located in a potentially unstable environment.
Citibank can help you arrange Letter of Credit Confirmations efficiently and quickly—usually within two business days. To streamline your requests, we’ve created a service delivery center especially for U.S. exporters. With one phone call, we’ll indicate our willingness to confirm letters of credit by Citibank branches or correspondent banks around the world.
We look forward to the opportunity of showing you how our custom solutions can support your global initiative while also meeting all your local needs.
This does not constitute an offer of any kind. Citibank retains absolute discretion in determining whether and to whom it may provide any quotation of the type described above.