| Documentary credits enable National Irish Bank to help you reduce the risks of international trade in additional ways - regardless of the issuing bank’s ability to pay or political restrictions.
Confirmation
With a confirmed documentary credit, the exporter has a commitment from both the issuing bank and National Irish Bank, the confirming bank, which reduces country and issuing bank risk. This ensures that the exporter will receive payment if the documents comply with the requirements of the documentary credit and payment from National Irish Bank will be final.
Silent confirmation
Even if the issuing bank does not request National Irish Bank to confirm the documentary credit, the Bank can usually offer you a silent confirmation. This puts you in exactly the same position as if the documentary credit had been confirmed.
Financing
If you have granted your buyer extended credit (deferred payment) but you would like payment immediately, National Irish Bank will endeavour to discount the draft under the documentary credit at a competitive rate.
Important Information
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