Export Services

Letter of Credit Advising

Verify the authenticity of your Letter of Credit

Enjoy greater security and convenience with DBS Letter of Credit Advising. We authenticate your inbound Letter of Credit, providing you with assurances that it comes from a genuine source. We also offer greater convenience by notifying you upon its arrival. You can choose to safeguard your original Letter of Credit with DBS, or collect it from our conveniently located branches.

 

Why choose DBS Letter of Credit Advising?

  • Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asia Banker in 2012. We also received this accolade from Global Finance in 2012, for the 8th consecutive year
  • Access a global network with DBS. We have more than 6,000 correspondent relationships and authentication arrangements with banks worldwide
  • Safeguard your original Letter of Credit with DBS, which means there’s no need for you to spend time collecting it. Simply sign up to enjoy this service
  • Submit forms any time before 5pm to ensure your documents are processed on the same day

 

Pricing

Pre-advice

USD 15 or equivalent

Advising

USD 30 or equivalent

Amendment/cancellation

USD 20 or equivalent

FAQs

How do I know that DBS has received the Letter of Credit?

We will notify you by phone or fax when we receive the Letter of Credit.

Where do I collect my Letter of Credit?

You may collect it from one of our Branches. Our trade operations officer will contact you to arrange your preferred collection point or delivery through Express Mail Service delivery.

Will the Letter of Credit be authenticated by DBS?

Yes, we’ll authenticate all Letter of Credit received by SWIFT.

Can you authenticate the Letter of Credit if it’s received in hardcopy?

Yes, we will verify the issuing bank’s signature on the hardcopy Letter of Credit and advise you when it’s been authenticated

How do I make amendments to the Letter of Credit?

If you need to make changes to your Letter of Credit, please contact your buyer directly. They will then ask the issuing bank to make the changes. Upon receipt of the amendments, we’ll contact you via phone, fax or email.

Awards

Awards we have won recently

Best Structured Trade Finance Solution, China

Best Structured Trade Finance Solution, China

2015
China Domestic Trade Finance Bank of the Year

China Domestic Trade Finance Bank of the Year

2015
Best Bank for Trade Finance

Best Bank for Trade Finance

2014
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Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881