Services under Documentary Credit (DC)

Documentary Credit Issuance In buying goods from your suppliers, we may issue a documentary credit (also known as Letter of Credit) on your behalf to make payments. It is our bank's promise in writing to pay the supplier upon we receive documents that complied with DC terms and conditions signifying the shipment of goods. Benefits to You The Bank to act as a reliable third party to you and your supplier. Practices guided by the International Standard Banking Practices on documentary credit.

Back-to-Back Documentary Credit We may provide you Back-to-Back Documentary Credit if you are in a middle-man role. It is issued against the export documentary credit (the master credit). The master credit will be used to settle amounts owned to vendor under the import documentary credit. Benefits to You Enjoy better use of resources by making the export DC as collateral. Keep confidentiality by avoiding your buyer and supplier from knowing each other.

Revolving Documentary Credit You may use Revolving Documentary Credit if you have regular shipments of similar sum and amount of goods over a long period of time. Benefits to You Enjoy the reinstatement of DC with utilized value up to the agreed maximum aggregate total. Enjoy efficient trade services due to the simple operation mechanism of Revolving Documentary Credit.

Stand-by Documentary Credit You may use Standby Documentary Credit as a guarantee of payments or bid / tender bond. The beneficiary may draw under the Standby DC in case of non compliance of a specific agreement. Benefits to You Facilitate the relationship with your business partner by using Standby DC. Our Standby DC are widely acceptable due to our highest credit rating among the Asia Pacific region.

Import Trust Receipts (TR) under DC You receive an import loan from us by signing the Trust Receipt. You can settle the import loan from sales proceeds of goods. Benefits to You Enjoy better management of cash flow by avoiding the need to settle the bills immediately.

Non-DC Services

Inward Bills for Collection You may choose Documentary Collection, i.e. Documents against Acceptance (D/A) and/or Documents against Payment (D/P) as an alternative to Documentary Credit. You may obtain the title documents upon payment or your acceptance of the bill, depends on D/A or D/P terms are chosen. You may facilitate the transaction with your customers by using Documentary Collection. Benefits to You Enjoy efficient service from us due to our extensive network and strong correspondent bank relationship.

TR under D/A, D/P You receive an import loan from us by signing the Trust Receipt. You can settle the import loan from sales proceeds of goods. Benefits to You Enjoy better management of cash flow by avoiding the need to settle the bills immediately.

Account Payables Financing (APF) We may provide financing to you based on the invoice from your supplier. Benefits to You Enjoy better management of cash flow by avoiding the need to settle the invoice immediately.

Sea/Air Guarantee By offering Sea / Air Guarantee to you, you may take immediate control of the goods prior to obtaining the title documents. Benefits to You Enjoy cost saving by avoid expensive storage charges. Get the goods without delay.

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