BACK-TO-BACK LETTER OF CREDIT
Secure your supplier's goods with your buyer's Letter of Credit as collateral
Mitigate payment and funds receipt risk
Assure your seller of payment by relying on our credits-worthiness and matching against funds receipt from your buyer's Letter of Credit.
Assure your seller of payment by relying on our credits-worthiness and matching against funds receipt from your buyer's Letter of Credit.
Facilitate complex structures
Secure goods from your seller based on the contract with your buyer.
Secure goods from your seller based on the contract with your buyer.
Seamless online experience
Apply and manage your trade finance transactions on desktop or mobile and get real-time status updates.
Apply and manage your trade finance transactions on desktop or mobile and get real-time status updates.
Step 1
Pre-shipment
Step 2
Pre-shipment
Step 3
Pre-shipment
Step 4
Pre-shipment
Step 5
Post-shipment
Step 6
Post-shipment
Step 7
Post-shipment
Step 8
Post-shipment
Apply for Back-to-Back Letter of Credit online
Save time with customer templates. Customise transaction templates for regular transactions with your suppliers and buyers.
Track transactions in real time
Get an overview of your trade finance portfolio and obtain status updates of your trade finance applications submitted via OCBC Velocity.
Quicker processing without the need for hardcopy documents
Submit your supporting documents online for quicker processing.
View your transaction history instantly
Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.
Go Digital
Don't have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.
Fees and charges
Trade services cut-off time
For transactions that involve a bank-to-bank transfer, the cut-off time is 12pm.
Trade services cut-off time
Apply for a Back-to-Back Letter of Credit today
Transferable Letter of Credit
Secure goods from your seller by transferring your buyer's Letter of Credit. Credit facility and cash deposit not required.
Foreign Currency Trade Finance (Purchase)
Easily finance your purchases in foreign currencies with a loan from OCBC
Go Digital
Go digital with our comprehensive suite of digital banking tools and services. Operate, buy and sell online safely and securely, at your convenience.
Best Services (Asian Banks) 2021
Asiamoney Trade Finance Survey
Best in Treasury and Working Capital-SMEs – Malaysia 2021
The Asset Triple A Treasury, Trade, SSC and Risk Management Awards.
Best Sustainable Trade Finance Solution in Malaysia 2020
Alpha Southeast Asia Best Deal & Solution Awards