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 6pm on a working day to ensure they are processed on the same day. We offer one of the latest cut off times in Hong Kong for your convenience
  • Convert trade receivables to cash immediately when documents are compliant, improving your cash flow

 

Pricing

Handling charges on Letter of Credit (LC) collection bills

1/8%, min HKD 350

Export bills under LC sent to local banks on

 

- With recourse #

1/4% on 1st USD 50,000 or its equivalent
1/8% on balance
Min HKD 350

- Without recourse @

1/8% on 1st USD 50,000 or its equivalent
1/16% on balance
Min HKD 350

 # Flat charge of 1/4% will be applied to non-DBS Bank (Hong Kong) Limited Trade customers

@ Flat charge of 1/8% will be applied to non-DBS Bank (Hong Kong) Limited Trade customers

FAQs

Do I need a credit facility to apply for Letter of Credit Negotiation/Discounting?

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

How do I access the discounting rate?

Please call us at 2290 8068 and we’ll 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 2290 8068 for help.

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

If we receive the documents by 6pm on a working day, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day. Processing time is subject to issuing bank limit availability.

Awards

Awards we have won recently
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2013
View All

 

How do I apply?

Simply submit your application form and export shipping documents at one of our Trade Collection Branches or Enterprise Banking Centres. Alternatively, you can apply via IDEAL™.

Get in Touch

DBS BusinessCare: 2290 8068

Get in Touch

DBS BusinessCare: 2290 8068