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Can issuing bank confirm the letter of credit

Hi Pal,

IMHO, the issuing bank does not confirm, being its role already indicated in art 7 UCP 600.
In the past i saw some l/c where it was written " having issued this confirmed l/c" or the like.
Other comments appreciated
Ciao

dear,

we need to understand what is confirming bank's role, confirming bank duties, and confirmation term
as per UCP600
1-Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank,
to honour or negotiate a complying presentation.
2-Confirming bank means the bank that adds its confirmation to a credit upon the issuing bank's
authorization or request.
3-confirming bank role is related mainly to beneficiary, the beneficiary will be care fr the existence of confirming bank in its country to avoid mainly a-issuing bank credit risk (credit worthiness) b-country risk

from the above comments the issuing bank can not be a confirming bank as no need for additional undertaking, guarantee from separate
.
to make the matter clear lets imagine both applicant and beneficiary are banking with same bank, would the issuing bank issue a credit and ask for confirmation!!!!!!!! or just state it is confirmed credit (where is the additional guarantee of payment, from whom)
Regards

confirmation is the separate undertaking given by a separate bank on the LC issued by a particular bank

What is the point of a confirming bank then ?

Issuing bank can never be a confirming bank

article "8" is the proof for it


its a separate irrevocable undertaking by another bank

issuing can never be a confirming bank

its a separate undertaking of a separate bank.

article 8 justifies

Issuing bank never become confirming bank because it is ultimately responsible for payment under L.C