Main
features:
-
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
Distribution
channel:
-
Directly contact Correspondent
Banking Department, Agribank Operations Centre.
Procedure/Technology
-
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.