Confirmed SBLC via SWIFT MT710 | Bank-Verified Guarantees | NNRV Trade Partners
✔ Enhance your SBLC with ironclad confirmation from top global banks / MT710 confirmation adds second bank obligation | 100% payment assurance / 5-7 day processing |500M transactions | Full UCP600/ISP98 compliance
⚠️ Concerned about single-bank risk?
A Middle Eastern sovereign fund recently required Citibank confirmation on a $380M infrastructure SBLC – we delivered the MT710 in 4 business days.
🧠 « The MT710 confirmation was non-negotiable for our project lenders. NNRV secured confirmation from two AA-rated banks when others failed. »
— Chief Risk Officer, Infrastructure Fund
What is an MT710 SBLC Confirmation?
A SWIFT MT710 message represents a confirming bank’s:
Irrevocable commitment to honor the SBLC
Independent obligation alongside issuing bank
Verification of all terms and conditions
✅ Key Advantages:
Eliminates issuing bank risk
Meets strict tender requirements
Enables better financing terms
Global acceptance
When MT710 Confirmation is Essential
| Scenario | Benefit | Typical Users |
|---|---|---|
| High-value projects | Mitigates bank counterparty risk | Sovereign entities |
| Emerging markets | Adds Western bank credibility | Multinationals |
| Complex financings | Satisfies lender requirements | Project finance SPVs |
| Political risk areas | Second payment channel | Commodity traders |
Our MT710 Confirmation Network
| Confirmer Tier | Added Cost | Processing Time | Specializations |
|---|---|---|---|
| Global Top 10 Banks | 1.5-3% p.a. | 5-7 days | All sectors |
| Regional Champions | 1-2% p.a. | 7-10 days | Local knowledge |
| Specialty Confirmers | 2-4% p.a. | 3-5 days (rush) | High-risk jurisdictions |
(🔔 Premium service: « Dual Confirmation » available with two MT710s)
MT710 vs Unconfirmed SBLC
| Feature | MT710 Confirmed SBLC | Standard SBLC |
|---|---|---|
| Risk | Two bank obligations | Single bank risk |
| Acceptance | 98% global acceptance | 85-90% |
| Financing | 15-20% better discount rates | Standard terms |
| Cost | +1-3% p.a. | Base fee only |
| Settlement | Payment from either bank | Only issuing bank |
The MT710 Confirmation Process
SBLC Review (Day 1)
Analyze existing MT760
Identify confirmation requirements
Confirmer Selection (Day 2-3)
Match with appropriate bank
Negotiate terms
Documentation (Day 3-4)
Confirmation agreement
KYC supplements
MT710 Issuance (Day 5-7)
SWIFT message to beneficiary
MT799 pre-notification
Activation
Ready to pay upon presentation
Critical MT710 Components
Field 20: Confirmation Reference
Field 21: Related MT760 Reference
Field 52a: Issuing Bank
Field 53a: Reimbursing Bank
Field 72: Sender–to–Receiver Info
Field 77C: Detailed Confirmation Terms
(We draft field 77C to prevent any confirmation loopholes)
Case Study: $250M African Energy Project
Challenge:
Lenders demanded EU bank confirmation for local African bank SBLC
Solution:
Structured MT710 through Commerzbank
Included « silent confirmation » option
Result:
Project financing approved
0.8% better interest terms
FAQ
Q: Can any SBLC be confirmed?
A: Only if issuing bank’s credit is acceptable to confirmer
Q: Difference between confirmation and advising?
A: Confirmation = payment obligation, advising = just notification
Q: What if confirming bank refuses payment?
A: Extremely rare – would trigger SWIFT arbitration
Q: Minimum confirmation period?
A: Typically 1 year minimum
Why NNRV for MT710?
✔ Direct Access to 30+ confirming banks
✔ Hybrid Solutions (silent/partial confirmations)
✔ Legal Precision in confirmation wording
✔ « No Confirmation, No Fee » promise
[📥 Download Confirmation Guidelines]
[📞 Contact Confirmation Specialists]