EXPORT LETTER OF CREDIT-i (WAKALAH)
Assures your receipt of payment when your documents meet the terms & conditions in the Letter of Credit-i
Authenticity verification
Ensure that the Letter of Credit-i issued by your buyer is authentic.
Ensure that the Letter of Credit-i issued by your buyer is authentic.
Reduce the payment risks
Eliminate the risk related to the buyer’s bank and country with Letter of Credit-i confirmation.
Eliminate the risk related to the buyer’s bank and country with Letter of Credit-i confirmation.
Step 1
Pre-shipment
Step 2
Pre-shipment
Step 3
Pre-shipment
Step 4A
Pre-shipment
Step 4B
Pre-shipment
Step 5
Shipment
Step 6
Post-shipment
Step 7
Post-shipment
Step 8
Post-shipment
Step 9
Post-shipment
Learn more
Track transactions in real time
Get an overview of your trade finance portfolio and obtain status updates on your trade finance applications submitted via OCBC Velocity.
View your transaction history instantly
Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.
Don’t have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.
Apply for Export Letter of Credit-i today.
and submit it at a Business Banking Service Desk near you.Locate a branch
Invoice Financing-i (Sales)
Discount your sales invoices for better cashflow management.
Accepted Bill-i (Sales)
Improves your cash flow by turning your receivables into cash.
Local Bill Purchase-i/ Export Bill Purchase-i
Convert your sales under the Letter of Credit-i into cash.