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DBS Hong Kong > Enterprise Banking > Trade Finance

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Enterprise Banking

Trade Finance Services

DBS provides Standby LC in assisting enterprises to obtain China Customs recognized 'Customs Duty Deposit Guarantee'

To cater for the need of processing trade enterprises in fulfilling the requirement as set by China Customs on Customs Duty Deposit Guarantee, DBS has tailor made a service of arranging Stand-by LC on “Customs Duty Deposit Guarantee”.

Via this service, DBS will issue the Standby LC in favor of Bank of China for its issuance of “Customs Deposit Guarantee” in favor of China Customs for payment of Customs Duty Deposit. .

By using this service, enterprises will be able to arrange for the issuance of the “Guarantee” for paying their deposit payment without the need to pay in cash so as to reducing the cost and enhancing the cashflow for business operation.

Service features as follows:

	Fast approval time: approval can be provided within 3 to 7 days when all necessary documents are submitted.
	One stop services: once the approval on the standby LC application being granted, our team of experts will follow up on behalf of enterprises in obtaining the China Customs recognized “Customs Duty Deposit Guarantee”. Customers’ time and effort in negotiating with relevant institutions could then be saved.
	Privileged fees and charges.

Pleases call our Customer Services Hotline at 2290 8068 for service details.

Note: The bank reserves the right to amend the above information and terminate the service without further notice.

Additional Information