Verify and confirm authorized
signature as requested by correspondent banks.
When receive a request accompanied
by original L/C, L/C amendment or shipping documents from correspondent banks,
the Correspondent Banking Division of Agribank Operations Centre will verify
the authorized signature on the L/C, L/C amendment or shipping documents. If
authenticated, send a notice of confirmation; if not authenticated, send
sending bank an investigation massage via SWIFT
Fees: Current terms and conditions of
Agribank (see here)
Verification and Confirmation time: within 02 banking days
Directly contact Correspondent
Banking Department, Agribank Operations Centre.
Agribank verifies the authorized
signature via IPCAS system.
Periodically, Correspondent Banking
Department of Agribank Operations Centre updates authorized signature lists of
correspondent banks into IPCAS system.