Interbank will send a notification following the issuer´s instructions.
Confirmed Letter of Credit
Interbank's confirmation includes a guarantee in addition to the issuing bank's with the following advantages.
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Mitigation of commercial risk related to the issuing bank's solvency.
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For Interbank to add its confirmation, the issuing bank must be solvent and an explicit request must be included in the documentary credit.
Transferable Letters of Credit
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Through this type of letter of credit, the credit's beneficiary (the exporter) may transfer to one or more beneficiaries its partial or entire credit rights one single time.
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An outstanding tool to build contacts between buyers and sellers, that may earn significant brokerage commissions.