Weitere Beispiele werden automatisch zu den Stichwörtern zugeordnet - wir garantieren ihre Korrektheit nicht.
For additional security the exporter can request a Confirmed Irrevocable Letter of Credit where another bank, say, in the UK will 'confirm' the credit and thereby assume the payment risk.
If the domestic bank advising the exporter of the letter of credit confirms it, the document is known as a confirmed irrevocable letter of credit which means both the issuing and advising banks guarantee payment.
Wörterbuch für Finanzen