A type of LC where a confirming bank determined by the exporter provides their payment undertaking in addition to the issuing bank. At the request of the exporter, their bank can add their confirmation to the LC. In case of a complying presentation by the exporter, confirming bank is also obliged to pay the beneficiary along with the issuing bank. Under your deferred payment LC transactions, you can collect export proceeds before maturity thanks to the discounting opportunities provided by our Bank.