silent confirmation
Definition
Arrangement between the beneficiary of a letter of credit (L/C) and the negotiating bank whereby the latter commits to negotiate the L/C on its due date. The L/C must be negotiable or payable by itself so that the negotiating bank (like a confirming bank) may acquire the holder-in-due-course rights. It is not a true confirmation and does not use the word 'confirmation.'
这是商务词典给出的定义。
Term used for a bank's commitment to negotiate (i.e., purchase) documents under a letter of credit without recouse at a future date. A silent confirmation is not a confirmation in the true sense, and will not use the word "confirm," but is rather an equivalent form of protection for the beneficiary.The bank will require that the letter of credit be negotiable or payable by itself in order to be able to establish holder-in-due-course rights equivalent to those of a confirming bank.
这是信用卡百科给的定义。
SILENT CONFIRMATION OF LETTERS OF CREDIT
A bank or other party which it is not a party to an L/C confirms to the Beneficiary of that L/C that it will pay if conforming documents are presented to the bank issuing the L/C. The Issuing Bank will not be aware of this arrangement.