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Trade Finance Services

We help you to sell goods by offering the following export services:

Services under Documentary Credit (DC)


Services under Documentary Credit (DC)

"Easy LC"

Would you like to receive your payment quickly for your local LC?

Would you like to save your bank charges, possibly 40% less than you currently pay?

We are pleased to introduce to you our new service "Easy LC".

How it Works

This service applies to all local documentary credits issued by DBS and you are not required to maintain an account with us. You just need to present your export documents directly to us, instead of going through your banker.

Major Benefits

  • Save transit interest
  • Save collection commission and telex charge because you only need to pay HK$3001 per drawing as our service charge for the new service in addition to the DC stated commissions.

Application Procedure

Simply complete and submit the Collection Instruction with your export documents and your original bank account statement2 to our Trade Services Department at 9/F North Somerset House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong.

The above service is only offered to beneficiary carrying on business in Hong Kong , whose documents are drawn under LC issued by DBS Bank (Hong Kong) Limited.

For enquiries, please contact Trade Services Hotline on 3668 9036.

Note:
1. Subject to revision time to time.
2.
Only applicable where proceeds are to be credited to a non-DBS account. And the bank statement should be issued within 2 months from the date of submission of the export documents.

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"Easy Presentation"


We are pleased to present you with our new service "Easy Presentation"

How it Works

You are not required to maintain or open an account with DBS Bank (Hong Kong) Limited ("DBS"). Whenever you get Documentary Credits issued by DBS Bank Ltd, in Singapore from your customers, simply present your export documents directly to us. You can enjoy greater convenience and faster payments.

Service Benefits

By using "Easy Presentation", you can enjoy the following privileges:

  • DC Advising Commission Waiver
  • Preferential export bills handling commission 1

For clean documents, we can provide advance 2 and we may charge 8 days transit interest on top of the normal handling fees.

Application Procedure

Simply submit the Collection Instruction, export documents and the most recent 2-month original bank account statements to our Trade Services Department at 9/F North Somerset House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong. The net proceeds will be credited to your bank account appeared on the account statement supplied to us.

Kindly be advised that this service is only applicable to companies carrying on business in Hong Kong which are not existing trade customers of DBS and all Documentary Credit issued by DBS Bank Ltd in Singapore.

For any enquiry, please contact our Trade Services Hotline at 3668 9036.

Note:
1. By comparing the service charges of your current banker with ours, we will adopt the most preferential one. We reserve the right to adjust the listed commission charges. Beneficiary must submit its recent 2-month original trade advice for our reference, otherwise, all the commission charges will be charged according to our trade tariff.
2.
Only applicable to Bill Amount below USD200,000.00
3.
In case of discrepancies between the English and Chinese versions, the English version shall prevail.

Additional Information
 
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  • Customer Services Hotline
    2290 8068
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    at Sheung Wan 3668 9086
    at Causeway Bay 3668 9393
    at Kowloon Bay 3668 9426
    at Nathan Road 3668 9433
  • General Enquiry: ebpromotion.hk@dbs.com





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