EXPORT LETTER OF CREDIT
Assures your receipt of payment when your documents meet the terms & conditions in the Letter of Credit
Reduce the payment of risks
Eliminate the risk related to the buyer's bank and country with Letter of Credit confirmation.
Eliminate the risk related to the buyer's bank and country with Letter of Credit confirmation.
Authenticity verification
Ensure that the Letter of Credit issued by your buyer is authentic.
Ensure that the Letter of Credit issued by your buyer is authentic.
Request for cash advances
If required, you can request and obtain financing via Export Letter of Credit Discounting.
If required, you can request and obtain financing via Export Letter of Credit Discounting.
Step 1
Pre-shipment
Step 2
Pre-shipment
Step 3
Pre-shipment
Step 4A
Pre-shipment
Step 4B
Pre-shipment
Step 5
Step 6
Post-shipment
Step 7
Post-shipment
Step 8
Post-shipment
Step 9
Post-shipment
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.
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
Same day processing if your application is submitted by 4pm (for applications that are in order).
Apply for an Export Letter of Credit today
and submit it at a Business Banking Service Desk near you.
Invoice Financing (Sales)
Finance your invoices for better cash flow management
Account Receivable Purchase
Improves your cashflow by turning your receivables into cash
Foreign Currency Trade Finance (Sales)
A short-term trade financing facility which can be drawn in major foreign currencies
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