confirming bank
Definition
Bank in an exporter's country which guarantees that the letter of credit established by the importer (for the benefit of the exporter) will be honored once the conditions therein are fully complied with. The confirming bank (Also called the advising bank) undertakes this responsibility on an arrangement (called confirmation) with the importer's bank which issued the letter of credit (called the issuing bank).
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confirming bank is in the Banking, Commerce & Finance and International Trade & Relations subjects.
confirming bank appears in the definitions of the following terms: advising bank, discrepancy letter of credit (L/C), confirmer and silent confirmation
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