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Export Letter of Credit Negotiation

Commonly known as Bills Negotiation or Discounting, Export Bills Purchase (EBP) is a post-shipment financing instrument where the bank purchases bills of exchange presented to the Bank along with the commercial and transport documents for onward presentation to the buyer's banker. EBP is usually on a full recourse basis to your company where a credit facility is required.

Next Steps : 
  Benefits
 Payment guaranteed by the Export LC Issuing Bank
 Certainty - buyer cannot cancel/amend without your consent
 Clear requirement for payment
 Added protection - LC Confirmation
 Financing opportunities
  Why OCBC Bank?
 If there is no discrepancy on your documents, OCBC Bank may advance you the cash up-front based on the strength of selected issuing banks. Such advances would not reduce the available limit of your EBP facility, thus allowing you to do more EBP to better bridge your cash flow gap.
 Your Foreign Exchange exposure is mitigated since you are obtaining your foreign currency receivables up-front. With this, you also do not need to incur Foreign Exchange Hedging cost.
 EBP is a simple financing tool where drawdown can be made without additional documentation requirement. All you need to do is to select the corresponding option on the Documentary Collection/Negotiation Form when submitting your documents. You also do not need to provide debit instruction on due date, because the corresponding proceeds from the buyer/buyer's banker will automatically be used to liquidate the financed bill. Only in the event of non-payment from the buyer/buyer's banker will we be seeking repayment from you.
 You may achieve further time savings by using the softcopy Documentary Collection/Negotiation Form and Bill of Exchange to make form filling easier and faster.
  Next Steps
 Locate Us
 Call Us
 Access our Forms
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