Convert receivables to cash immediately
Improve your cash flow with DBS Letter of Credit Negotiation/Discounting, which allows you immediate credit while you wait for payment from the issuing bank. Our experts check your export documents and if the documents are in order, you can convert receivables into cash quickly and easily.
Why choose DBS Letter of Credit Negotiation/Discounting?
Financing interest depends on currency type, tenor and issuing bank risk.
Handling commission at 0.125%, min USD 25 or equivalent
No, however this service is subject to issuing bank and country limit availability.
Please call us at 4008208988 and we’ll arrange for a Relationship Manager to assess your needs and provide you with a quotation.
You will be notified by fax once the payment is credited to your account, however you can also monitor payments through IDEAL™, our online banking platform.
Please call us at 4008208988 for help in completing the application form.
If we receive the documents by 3pm we can process them on the same working day. If we receive the documents after 3pm, we will process them within one working day. Processing time is subject to issuing bank and country limit availability.
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