letter

Letter of Credit Negotiation / Discounting

Convert receivables to cash immediately

Letter of Credit Negotiation / Discounting

Convert receivables to cash immediately

    At a Glance

    Improve cash flow with Letter of Credit Negotiation/Discounting by receiving immediate credit while you wait for payment from the issuing bank.

    Features & Benefits
    content-edition

    Hassle-free

    Our specialists check your export documents for you

    rewards

    Thorough

    Experienced and certified documentary specialists verify that your documents can be negotiated/dispatched promptly

    money

    Simple

    Once the documents are in order, you can convert receivables into cash quickly and easily

    time

    Fast

    Submit documents any time before 1:30 pm to ensure they are processed on the same day. We offer one of the latest cut off times in India for your convenience

    convenient

    Convenient

    Free up funds and finance your Export Bills Under Collection (DA/DP) at competitive rates for different foreign currencies with our Post Shipment Financing

    Fees

    Refer to our pricing guide

    How to Apply

    Simply visit us at any of our Branches and our Relationship Manager will be glad to assist you.

    Contact Us

    Schedule a callback via this online form.

    Alternatively, you can reach us at 1800 103 6500 / 1800 419 9500

    Email: [email protected]

    FAQs
    Do I need a credit facility to apply for letter of credit negotiation/discounting?

    If you do not have any credit limit with DBS, the LC needs to be restricted to DBS.
    How do I access the discounting rate?

    Please visit us at any of our branches and we’ll arrange for a relationship manager to assess your needs and provide you with a quotation.
    How do I check the status of payment?

    You can monitor payments through IDEAL, our online banking platform.
    How do I complete the application form?

    Please visit us at any of our branches and we’ll assist you with your application needs.
    How long do you take to process the Letter of Credit Negotiation?

    If we receive the documents by 1.30 pm on a working day, we can process them on the same day. If we receive the documents after 1.30 pm, we will process them within the next working day. Processing time is subject to our comfort on the LC issuing Bank and country.

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