Export Services

Letter of Credit Advising

Verify the authenticity of your Letter of Credit

Enjoy greater security and convenience with DBS Letter of Credit Advising. We authenticate your inbound Letter of Credit, providing you with assurances that it comes from a genuine source. We also offer greater convenience by notifying you upon its arrival. You can choose to safeguard your original Letter of Credit with DBS.

Why choose DBS Letter of Credit Advising?

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 8^th consecutive year
Access a global network with DBS. We have more than 6,000 correspondent relationships and authentication arrangements with banks worldwide
Safeguard your original Letter of Credit with DBS, which means there’s no need for you to spend time collecting it. Simply sign up to enjoy this service
Stay informed and save time with our notification service. We notify you by phone or fax when we receive new Letter of Credit. Users of IDEAL™ ,our online banking platform, will be notified by email, sms or fax

Pricing

Advise and amendment of Letter of Credit	Min HKD 300
Cancellation of Letter of Credit Advising	Min HKD 250

FAQs

How do I know that DBS has received the Letter of Credit?

We will notify you by phone or fax when we receive the Letter of Credit. IDEAL™ users will be notified by email, sms or fax.

Where do I collect my Letter of Credit?

Our trade operations officer will contact you to arrange your preferred collection point.

Will the Letter of Credit be authenticated by DBS?

Yes, we’ll authenticate all Letters of Credit received.

Can you authenticate the Letter of Credit if it’s received in hardcopy?

Yes, we will verify the issuing bank’s signature on the hardcopy Letter of Credit and advise you after it’s been authenticated.

How do I make amendments to the Letter of Credit?

If you need to make changes to your Letter of Credit, please contact your buyer directly. They will then ask the issuing bank to make the changes. Upon receipt of the amendments, we’ll contact you via phone or fax.