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- About DBS
Export Services
Open Account Receivables Financing
Improve your cash flow on open account terms
Secure receivables financing for open account sales and improve your cash flow with Bill Receivables Sales (BRS) or Bill Receivables Discounting (BRD) financing. These short-term trade financing solutions are based on supporting shipping documents such as invoices and transport documents, and are accompanied by a bill of exchange drawn on you.
Why choose DBS Open Account Receivables Financing?
- 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
- Save time by applying for financing and monitoring payments through IDEAL™ , our online banking platform
- IDEAL™ has an automatic reminder feature that keeps you informed of your settlement due date
FAQs
How do I complete the application form?
Please call us at 2290 8068 for help on completing the application form.
Do I need a credit facility to apply for open account receivable financing?
Yes, you must obtain a credit facility with DBS. Please call us at 2290 8068 should you require assistance.
How do I access the financing 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 long does it take to process the financing?
If we receive the application by 6pm, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day.
How do I check the status of financing?
You may check your payment status through IDEAL™. Alternatively, you may call us at 2290 8068 to check the status of your financing. You will receive a reminder from IDEAL™ upon maturity.
Awards
Awards we have won recently
Best Trade Finance Bank in Singapore
2012
Best Trade Finance Bank in Singapore
2012
Best Trade Finance Bank in Singapore
2013
How do I apply?
Simply submit your application form and trade 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