confirming bank

简明释义

确认银行

英英释义

例句

1.When dealing with international trade, choosing a reliable confirming bank is crucial.

在国际贸易中，选择一个可靠的确认银行至关重要。

2.The exporter requested a letter of credit from their buyer's bank, which was then confirmed by the confirming bank.

出口商向买方的银行申请了一份信用证，随后被确认银行确认。

3.In case of default, the confirming bank will step in to make the payment to the exporter.

如果违约，确认银行将介入并向出口商支付款项。

4.The confirming bank charges a fee for its services, which is typically borne by the buyer.

确认银行会收取服务费用，通常由买方承担。

5.A confirming bank provides additional assurance to the exporter that they will receive payment.

确认银行为出口商提供额外的保证，确保他们会收到付款。

作文

In international trade, the term confirming bank refers to a financial institution that adds its guarantee to a letter of credit issued by another bank, typically the issuing bank. This process provides additional security to the seller (exporter) because it assures them that they will receive payment for the goods or services provided, even if the buyer (importer) defaults. The role of the confirming bank is crucial in mitigating risks associated with cross-border transactions, where trust between parties may be limited due to geographical and cultural differences.When a seller enters into a contract with a foreign buyer, they often require a letter of credit as a form of payment assurance. The buyer requests their bank, known as the issuing bank, to issue this letter. However, the seller may still feel uneasy about the buyer's ability to fulfill their payment obligations. This is where the confirming bank comes into play. By confirming the letter of credit, the confirming bank essentially takes on the risk and guarantees payment to the seller, provided that the seller meets all terms and conditions outlined in the letter.The involvement of a confirming bank is particularly important in situations where the issuing bank is located in a country with economic or political instability. For example, if a buyer is located in a country experiencing hyperinflation or civil unrest, the seller might not trust that the issuing bank will be able to honor the letter of credit. In such cases, involving a reputable confirming bank from a stable country can significantly enhance the seller's confidence in the transaction.Moreover, the confirming bank usually conducts its own due diligence regarding the buyer's creditworthiness before agreeing to confirm the letter of credit. This additional layer of scrutiny can help sellers avoid potential losses due to buyer default. It also streamlines the transaction process, as the seller can rely on the confirming bank for prompt payments, which can be vital for maintaining cash flow in their business.It is also worth noting that the confirming bank charges fees for its services, which are usually borne by the buyer. These fees can vary based on several factors, including the amount of the letter of credit, the creditworthiness of the buyer, and the perceived risk of the transaction. While these costs may seem like an additional burden, many sellers view them as a necessary expense for ensuring secure payment.In conclusion, the role of the confirming bank in international trade cannot be overstated. It serves as a safety net for exporters, providing peace of mind and reducing the risks associated with global commerce. By understanding the function and importance of a confirming bank, businesses can navigate the complexities of international transactions more effectively, ultimately leading to more successful trade relationships and increased profitability.

在国际贸易中，术语确认银行指的是一家金融机构，它对另一家银行（通常是开证银行）发出的信用证增加担保。这一过程为卖方（出口商）提供了额外的安全保障，因为它向他们保证，无论买方（进口商）是否违约，他们都会收到所提供商品或服务的付款。确认银行的角色在减轻与跨境交易相关的风险方面至关重要，因为由于地理和文化差异，交易双方之间的信任可能有限。当卖方与外国买方签订合同时，他们通常需要信用证作为付款保证的形式。买方向其银行（即开证银行）请求发出该信用证。然而，卖方可能仍然对买方履行付款义务的能力感到不安。这时，确认银行的作用便发挥出来。通过确认信用证，确认银行实质上承担了风险，并向卖方保证，在卖方满足信用证中列出的所有条款和条件的情况下，会付款给卖方。在开证银行位于经济或政治不稳定国家的情况下，确认银行的参与尤为重要。例如，如果买方位于一个经历恶性通货膨胀或内乱的国家，卖方可能不会信任开证银行能够兑现信用证。在这种情况下，涉及一家来自稳定国家的信誉良好的确认银行可以显著增强卖方对交易的信心。此外，确认银行通常会在同意确认信用证之前，对买方的信用状况进行自己的尽职调查。这一额外的审查层次可以帮助卖方避免因买方违约而造成的潜在损失。它还简化了交易流程，因为卖方可以依靠确认银行及时支付，这对于维持其业务现金流至关重要。值得注意的是，确认银行会收取其服务费用，通常由买方承担。这些费用可能因多个因素而异，包括信用证的金额、买方的信用状况以及交易的风险程度。虽然这些费用看似是额外负担，但许多卖方将其视为确保安全付款的必要支出。总之，确认银行在国际贸易中的作用不可低估。它为出口商提供了安全网，提供了安心感，并减少了与全球商业相关的风险。通过理解确认银行的功能和重要性，企业可以更有效地应对国际交易的复杂性，从而最终促成更成功的贸易关系和增加盈利能力。