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 to your account while you wait for payment from the issuing bank.

 

Why choose DBS Letter of Credit Negotiation/Discounting?

  • Grow your business with the Best Trade Finance Bank in India and the bank that was named the Rising Star for the Transaction Bank category, both awarded by The Asset in 2013
  • 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 6pm to ensure they are processed on the same day. We offer one of the latest cut off times in India for your convenience
  • Convert trade receivables to cash immediately when documents are compliant, improving your cash flow
  • Free up funds and finance your Outward Bill Collection (DA/DP) at competitive rates for different foreign currencies with our Export Bill Financing under Documentary Collection. We finance your export bills upto full value before your buyers make payment. This means you reduce turnaround time for your business and improve your cash flow.

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 6pm on a working day, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day. Processing time is subject to our comfort on the LC issuing Bank and country.

 

How do I apply?

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