Agribank provides services including L/C advice, L/C forward and L/C amendment through its correspondent banks. The services apply to financial institutions licensed to carry out international payments
L/C is issued by domestic or foreign
financial institutions which have correspondent banking relationship with
Agribank is the first advising bank
and forwarding or amending L/C received from correspondent banks.
As the bank recieves L/C or
amendment: Correspondent Banking Division of Agribank Operations Centre
authenticates the message (if via SWIFT); checks the test key and the
authorized signatures (if via mail) on the advised or amended L/C before
advising and forwarding to the financial institution.
Agribank will not be responsible for
the content of the advised or amended L/C.
Agribank will refuse to advise and
forward an L/C if:
Cannot determine whether the advised
or amended L/C is true on its face or cannot determine which financial
institution received or amended the L/C.
L/C Amendment that Agribank did not
advise the original L/C or receive L/C amendment after Agribank has dispatched
Fees: Current terms and conditions of
Agribank (see here)
Directly register with Agribank
Operations Centre or Planning Department at Head Office
Within 01 banking day since the bank
received L/C, L/C amendment, Agribank will authenticate and forward that L/C to
the financial institution via SWIFT/EMS after fee deduction.