The bank in the beneficiary's country that further guarantees the issuing banks commitment to pay the letter of credit is the:

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The confirming bank is the bank in the beneficiary's country that further guarantees the issuing bank's commitment to pay the letter of credit. This is important for the beneficiary as it adds an additional layer of security in the payment process. The advising bank is the bank that advises the seller or beneficiary of the letter of credit and does not provide any further guarantee of payment. The correspondent bank is the bank that provides services to the issuing bank in the beneficiary's country but does not guarantee payment. The issuing bank is the bank that issues the letter of credit but does not provide any further guarantee of payment beyond their commitment to pay.

The Bank in the Beneficiary's Country That Further Guarantees the Issuing