Export Services

Letter of Credit Negotiation/Discounting

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?

  • 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
  • Ensure your documents are examined thoroughly by our experienced and certified documentary checker, so they can be negotiated and dispatched promptly
  • Submit documents any time before 12.30pm on a working day to ensure they are processed on the same day
  • Convert trade receivables to cash immediately when documents are compliant, improving your cash flow

FAQs

Do I need a credit facility to apply for 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. 

How do I access the discounting rate?

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.

How do I check the status of payment?

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.

How do I complete the application form?

Please call our DBS Indonesia Customer Centre at 1500 327 or 69 327 (if using a mobile phone) for more information.

How long do you take to process the Letter of Credit Negotiation?

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.