FOREIGN CURRENCY TRADE FINANCE (PURCHASE)

Finance your purchases in foreign currencies

Why you will love this

Save on interest and minimise foreign exchange risks for your purchases in foreign currencies

Flexible financing and repayment period

Need not incur withholding taxes for the interest paid as it is sourced domestically

Access global goods and services with financing in major foreign currencies.

FEATURES AND BENEFITS

Timely payment to suppliers

Build a stronger relationship with your suppliers as you pay them in a timely manner.

Build a stronger relationship with your suppliers as you pay them in a timely manner.

Improve working capital

Access financing to meet your liquidity needs.

Access financing to meet your liquidity needs.

Flexibility in repayment period

Match loan maturity with your expected foreign currency receivables.

Match loan maturity with your expected foreign currency receivables.

FOREIGN CURRENCY TRADE FINANCE PROCESS
HOW IT WORKS

Step 1

Submit the application together with your supporting documents.

Step 2

OCBC Bank will finance the payment to your supplier in foreign currency.

Step 3

Repay the loan on maturity date.
DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY

Go Digital

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 transaction application

Log on to OCBC Velocity to apply or submit your completed application form to our Business Banking Service Desk.

  Trade application forms (EN)

  Trade application forms (BM)

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

or call us at +603 8317 5200.

Monday to Friday 9am to 6pm
(Excluding public holidays)

OTHER PRODUCTS YOU MAY LIKE
OUR AWARDS AND ACCOLADES

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