TRANSFERABLE LETTER OF CREDIT
Secure goods from your seller by transferring your buyer's Letter of Credit
Expand your procurement network
Facilitate the buying and selling process as a middleman.
Facilitate the buying and selling process as a middleman.
Assure your end seller of payment with your buyer's Letter of Credit
As a first Beneficiary, you will be able to provide a Letter of Credit to your supplier without using your own credit facility.
As a first Beneficiary, you will be able to provide a Letter of Credit to your supplier without using your own credit facility.
Eases complex processes
Secure goods from your seller with a contract from your buyer.
Secure goods from your seller with a contract from your buyer.
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
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.
Trade transaction application
Log on to OCBC Velocity to apply or submit your completed application form to our Business Banking Service Desk.
Fees and charges
Trade services cut-off time
Same day processing if your application is submitted by 4pm (for applications that are in order).
or call us at +603 8317 5200.
Monday to Friday 9am to 6pm
(Excluding public holidays)
Import Letter of Credit
Assures payment when the seller's documents meet the conditions in the Letter of Credit
Export Letter of Credit
Be assured of payment when your documents meet the terms and conditions in the Letter of Credit
Back-To-Back Letter of Credit
Secure goods with your buyer's Letter Of Credit
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