ESWATINI LETTER OF CREDIT

SWAZILAND ESWATINI LC ISSUING BANK CONFIRMING BANK CHARGES

SWAZIMI ESWATINI LETTER OF CREDIT CONFIRMATION FEE

For Eswatini, when an exporter has concluded a commercial export contract with a Eswatini importer and the two parties do not know each other, the irrevocable and confirmed letter of credit is the most appropriate instrument to mitigate the risks.

The Eswatini importer will ask the Eswatini bank to issue a letter of credit for the benefit of the exporter who will have previously named the name of the notifying and confirming bank to be accepted by the exporter.

For Eswatini, the exporter must choose a confirming bank that has in its network of correspondents the Eswatini bank that is proposed by the importer but also the one that has an acceptable credit rating so that there is no default of payment from the confirming bank.

A letter of credit issued in Eswatini is usually confirmed by a big number of banks which are prepared to take the risks of Eswatini banks and make sure the beneficiary of the LC or exporter obtain his payment.

LIST OF ESWATINI BANKS ISSUING LETTERS OF CREDIT AND WHICH ARE ACCEPTED BY THE BANKS OF EXPORTERS

  • First National Bank of Swaziland Manzini

  • SwaziBank

  • Nedbank Swaziland

  • First National Bank Swaziland

  • Standard Bank Swaziland

CONFIRMING BANKS FOR LETTER OF CREDIT ISSUED THROUGH ESWATINI BANKS

Banks which are confirm the letters of credit issued in Eswatini by Eswatini banks are: (please contact us to obtain the list or to be listed as confirming bank).

ESWATINI: CONFIRMATION FEE FOR LETTER OF CREDIT FROM A ESWATINI BANK

Confirmation charges and fees for letters of credit issued through Eswatini banks can be obtained on demand by emailing: info@tradefinance.africa.

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