EXPORT DOCUMENTARY COLLECTION-i (WAKALAH)

Intermediary services that facilitate trade settlement between buyer and seller

Why you will love this

A secure channel to route your commercial documents

Assurance of payment/acceptance before release of documents

No financing facility required

Based on the Shariah principle of Wakalah

FEATURES AND BENEFITS
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Protect your interests

Rely on OCBC Al-Amin as a trusted intermediary to handle your documents.

Rely on OCBC Al-Amin as a trusted intermediary to handle your documents.

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Address your risk concerns

Ensures your buyer makes payment or provides acceptance before documents are released.

Ensures your buyer makes payment or provides acceptance before documents are released.

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Request for financing

Convert your Export Documentary
Collection-i into financing for your working capital needs.

Convert your Export Documentary
Collection-i into financing for your working capital needs.

HOW IT WORKS
Process for pre-shipment and post-shipment.

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Step 1

Pre-shipment

You ship out the goods.

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Step 2

Post-shipment

You submit your trade documents and Export Collection-i application form to OCBC Al-Amin.

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Step 3

Post-shipment

OCBC Al-Amin sends your documents to your buyer’s bank.

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Step 4

Post-shipment

OCBC Al-Amin will notify you when the buyer accepts the Bill of Exchange and pays you when the funds are received from the buyer’s bank.

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Step 5

Post-shipment

You can apply for an advancement of funds from OCBC Al-Amin (Local Bill Purchase-i/Export Bill Purchase-i).
DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY
OCBC VELOCITY

Don’t have OCBC Velocity?

Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.

Before you apply

Trade services
cut-off time

Same day processing if your application is submitted by 3pm (for applications that are in order).

  Trade services cut-off time

READY TO APPLY?

Apply for Export Documentary Collection-i today.

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