Convert receivables to cash immediately
Improve your cash flow with DBS Letter of Credit Negotiation/Discounting, which allows you immediate credit while you wait for payment from the issuing bank. Our experts check your export documents and if the documents are in order, you can convert receivables into cash quickly and easily.
Why choose DBS Letter of Credit Negotiation/Discounting?
If the discounting is done after acceptance, you do not need to have a credit facility. However, this service is subject to issuing bank and country limit availability.
Please call our DBS Indonesia Customer Centre at 1500 327 or 69 327 (if using a mobile phone) and we will arrange for a Relationship Manager to assess your needs and provide you with a quotation.
You will be notified by fax once the payment is credited to your account, however you can also monitor payments through IDEAL™, our online banking platform.
Please call our DBS Indonesia Customer Centre at 1500 327 or 69 327 (if using a mobile phone) for more information.
If we receive the documents by 12.30 pm on a working day, we can process them on the same day. If we receive the documents after 12.30 pm, we will process them within the next working day. Processing time is subject to issuing bank and country limit availability.
How do I apply?
Simply submit your application form and export shipping documents at any of our Trade Document Counters.