TRUST RECEIPT

Free up your funds for business purposes

Why you will love this

Offers financing for your purchases made under the Letter of Credit terms

Take delivery of the goods before payment

Extend your payment tenure for better cash flow management

Build your business reputation and relationships by paying your suppliers on time.

Features and benefits

Collect goods first and pay later

Allow the release of goods against your undertaking to sell the goods and pay OCBC Bank with the sales proceeds.

Allow the release of goods against your undertaking to sell the goods and pay OCBC Bank with the sales proceeds.

Improve working capital

Access financing to meet liquidity needs.

Access financing to meet liquidity needs.

Payment to your supplier

Free up your cash while paying your suppliers on time.

Free up your cash while paying your suppliers on time.

HOW IT WORKS

Step 1

Apply for a Trust Receipt when you need to pay for your purchases under Letter of Credit.

Step 2

OCBC Bank will pay your supplier through his or her bank.

Step 3

You will 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).

For transactions that involve a bank-to-bank transfer, cut off time is 12pm.

  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