Confirmed Letter of Credit via MT710 – Verified Payment Assurance From a Second Bank
Secondary Bank Guarantee | High-Risk Jurisdiction Coverage | SWIFT MT710 + UCP 600 Compliant
⚠️ Want Extra Security if Buyer’s Bank Fails to Pay?
A European buyer issued a $2M LC via a lesser-known regional bank. The seller requested a confirmation via MT710 through NNRV. A top-tier confirming bank backed the LC—ensuring payment even if the buyer’s bank defaulted.
🧠 “With MT710 confirmation, we knew we’d get paid no matter what. That changed everything.” – Lucia V., Industrial Supplier – Spain
What Is a Confirmed LC via MT710?
A Confirmed Letter of Credit via MT710 involves a secondary bank (confirming bank) adding its guarantee to the issuing bank’s LC. The MT710 is the SWIFT message used to advise or confirm the original MT700 LC terms to the beneficiary.
MT710s are used when the issuing bank is not well-known, when the buyer is in a high-risk jurisdiction, or when the seller demands a second bank to take payment responsibility.
At NNRV, we structure confirmed LCs via MT710 with Tier 1 confirming banks across 40+ countries.
🧠 “We won’t ship to frontier markets without MT710 confirmation. It saved our exports more than once.” – Patrice M., Agroexporter – France
Key Benefits of MT710-Confirmed LC
✅ Dual Bank Security – Seller gets paid even if the issuing bank defaults.
✅ Confidence in Unfamiliar Markets – Use when buyer’s bank lacks international reach.
✅ Legal & Financial Assurance – Enforceable under UCP 600 and SWIFT rules.
✅ Fast MT710 Notification – SWIFT-transmitted directly to advising bank.
✅ Ideal for Emerging Market Buyers – Protects exporters and investors.
How It Works
Buyer’s Bank Issues LC via MT700
Advising/Confirming Bank Receives via MT710
Confirming Bank Reviews and Adds Confirmation
Seller Ships Goods and Presents Documents
Confirming Bank Pays Upon Document Compliance
📂 Documents Required for MT710-Confirmed LC
📌 Signed Commercial Contract – Defining LC confirmation requirement
📌 Draft LC – MT700 terms approved by buyer and issuing bank
📌 Seller KYC – Beneficiary’s compliance documents
📌 Confirming Bank Agreement – Terms for risk coverage
📌 Buyer Bank Profile – Risk review to assess confirmation feasibility
🏦 Banks That Confirm LCs via MT710
These institutions frequently act as confirming banks receiving MT710 LCs:
| Confirming Bank | SWIFT Code | Advantages | Limitations | Fees Range | Time to Confirm | Min. LC Value | LC Types |
|---|---|---|---|---|---|---|---|
| HSBC Hong Kong | HSBCHKHHXXX | Top-tier confirmations on all continents | High compliance requirements | 1.5% – 9% | 1–3 days | $500K | Confirmed MT710 |
| BNP Paribas Paris | BNPAFRPP | Strong for EU, Africa, and Middle East LCs | May limit exposure to some zones | 1.3% – 8.2% | 2–4 days | $500K | Confirmed, Transferable |
| Credit Agricole | AGRIFRPP | Excellent UCP 600 compliance | Slow onboarding for new clients | 1.7% – 8.9% | 2–5 days | $500K | Confirmed, Irrevocable |
| Standard Commerce USA | STDMDMDMXXX | Fast MT710 confirmations in Americas & Africa | Charges vary by country risk | 1.2% – 8.6% | 2–5 days | $500K | Confirmed, MT700/MT710 |
| ABC Bank Mauritius | ABCKMUMU | Good for Africa–Asia corridor confirmations | Best suited for mid-size LCs | 1.1% – 7.9% | 2–4 days | $250K | Confirmed, Usance |
🎯 Why Use MT710 Confirmation?
| 🔒 Feature | ✅ Benefit |
| Double Bank Guarantee | Issuing + confirming bank both liable |
| Better Credit Terms | Exporters can offer open terms safely |
| Confidence for New Buyers | Secure unknown bank-backed LCs |
| Access to More Markets | Helps enter riskier countries with bank support |
| Higher Conversion on Trade Deals | Build trust with international clients |
🛠️ NNRV’s Structuring Process
Assess buyer’s bank and country risk
Draft MT700 with confirmed clause
Select and onboard confirming bank
SWIFT MT710 sent with confirmation applied
Monitor shipping and document flow for payout
🔍 MT710 vs Other SWIFT LC Messages
| SWIFT Type | Purpose | Payment Obligation |
| MT700 | LC issuance | Issuing bank only |
| MT710 | LC advice or confirmation | Issuing + confirming |
| MT799 | Pre-advice, non-binding | None |
| MT760 | SBLC issuance | Yes (standby) |
Why Choose NNRV for Confirmed LCs?
🔒 Confirming Bank Network in 40+ Jurisdictions
✅ MT700–MT710 Dual Drafting Expertise
📄 End-to-End LC Structuring and Monitoring
🌍 Protection in Frontier and High-Risk Markets
📁 UCP 600 Compliance + SWIFT Messaging
💲 MT710 Confirmation Fees
Fees vary between 1% and 9%, based on:
• Country of buyer
• Bank ratings and exposure limits
• Transaction size and LC type
🔹 Contact NNRV for a confirmed LC quote in your sector.
🧠 Real Testimonials
“Thanks to the MT710 confirmation, we shipped to a country we used to avoid.”
– Rajesh V., Solar Panel Exporter – India
“We secured a €5M LC confirmation in 72h. That made the deal happen.”
– Marta C., EU Defense Exporter
📚 What Makes Us Different?
✔️ MT700 + MT710 Alignment From Day One
✔️ Legal, Risk, and SWIFT Coordination
✔️ Confirmation Quotes From Multiple Banks
📌 From $250K to $100M+ confirmed LCs issued securely
❓ Top 5 FAQ – Answered by Experts
Who can confirm an LC? Only a qualified confirming bank with access to MT710 SWIFT.
Can I request confirmation for any LC? Yes—if the issuing bank allows and a confirming bank agrees.
Is confirmation in MT700 or MT710? It can be in either—MT710 is used when LC is advised through a second bank.
What if the issuing bank defaults? The confirming bank is obligated to pay—no exceptions.
Is MT710 used globally? Yes. It is standard in international LC confirmations.
🔗 Related Services
• LC via MT700
• MT799 Pre-Advice
• Irrevocable & Confirmed LC Structuring
• Export Risk Protection via Confirmation
📖 Strategic Blog Posts
• What Is MT710 and How It Secures LC Payments
• MT710 vs MT700: Understanding LC Confirmation
• How to Secure Trade in High-Risk Markets With MT710
🚀 Secure Your Trade With MT710 Confirmation
Don’t risk non-payment. Let NNRV structure your confirmed LC via MT710.
📩 Book Your Confirmed LC Consultation
☎️ Work With Structuring Experts | 🌍 MT700 + MT710 | ✅ 1–9% Fees Range