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LC Transfer

Transferable Letter of Credit is usually used in trading between buyer, the agent and ultimate suppliers. The transfer of a transferable letter of credit by the nominated transferring bank to one or more suppliers enables t he agent to export to the buyer as well as secure the goods from the suppliers without the need for trade facilities. With carefully structured matching terms and conditions, the rights of all three parties in the transaction are protected.

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  Why OCBC Bank?
 OCBC Bank understands timely substitution of documents is critical; hence you will be notified once the documents presented by the second beneficiary have been processed to relieve you from monitoring the submission of your documents.
 Your request will be processed within the same day if received by our Business Banking Service Desk before 5:00pm from Monday to Friday*, thus allowing you to focus on your business during the peak hour.
 As an alternative to the conventional paper-based application, you may opt for softcopy application form, making transacting with OCBC Bank a hassle free experience.
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