Export Services

Letter of Credit Negotiation/Discounting

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?

  • 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
  • Ensure your documents are examined thoroughly by our experienced and certified documentary checker, so they can be negotiated and dispatched promptly
  • Submit documents any time before 3pm to ensure they are processed on the same day
  • Convert trade receivables to cash immediately when documents are compliant, improving your cash flow

 

Pricing

Financing interest depends on currency type, tenor and issuing bank risk.

Handling commission at 0.125%, min USD 25 or equivalent

FAQs

Do I need a credit facility to apply for letter of credit negotiation/discounting?

No, however this service is subject to issuing bank and country limit availability.

How do I access the discounting rate?

Please call us at 4008208988 and we will arrange for a Relationship Manager to assess your needs and provide you with a quotation.

How do I check the status of payment?

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.

How do I complete the application form?

Please call us at 4008208988 for help in completing the application form.

How long do you take to process the Letter of Credit Negotiation?

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.

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer:

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website. We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose. The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

© DBS BANK LTD, 2013. All rights reserved. Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

Awards
Best Structured Trade Finance Solution, China 2015

Best Structured Trade Finance Solution, China 2015

View All