Import Services

Open Account Payables Financing

Improve your cash flow on open account terms

Secure financing from DBS for your account payables and improve your cash flow. This short-term trade financing solution is based on supporting shipping documents such as invoices and transport documents.


Why choose DBS Open Account Payables 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


How do I complete the application form?

Please call our DBS BusinessCare at 2290 8068 for help on completing the application form.

Do I need a credit facility to apply for open account payables 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. 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 our DBS BusinessCare at 2290 8068 to check the status of your financing. You will receive a reminder from IDEAL™ upon maturity.


How do I apply?

Simply submit your application form at one of our Trade Collection Branches or Enterprise Banking Centres. Alternatively, you can apply via IDEAL™.

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Best Trade Finance Bank in Singapore, 2012, Alpha Southeast Asia

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