MALAWI LETTER OF CREDIT

MALAWI LC ISSUING BANK CONFIRMING BANK CHARGES

MALAWI LETTER OF CREDIT CONFIRMATION FEE

For Malawi, when an exporter has concluded a commercial export contract with a Malawian 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 Malawian importer will ask the Malawian 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 Malawi, the exporter must choose a confirming bank that has in its network of correspondents the Malawian 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 Malawi is usually confirmed by a big number of banks which are prepared to take the risks of Malawian banks and make sure the beneficiary of the LC or exporter obtain his payment.

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

  • National Bank of Malawi

  • CDH Investment Bank

  • NBS Bank

  • First Merchant Bank Malawi

CONFIRMING BANKS FOR LETTER OF CREDIT ISSUED THROUGH MALAWIAN BANKS

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

MALAWI: CONFIRMATION FEE FOR LETTER OF CREDIT FROM A MALAWIAN BANK

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

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