TRUST RECEIPT
Free up your funds for business purposes
Build your business reputation and relationships by paying your suppliers on time.
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.
Step 1
Step 2
Step 3
Convert to Trust Receipt online
Convert your Import Bill under Letter of Credit into Trust Receipt on OCBC Velocity.
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.
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 3pm (for applications that are in order).
For transactions that involve a bank-to-bank transfer, cut off time is 12pm.
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
Invoice Financing (Purchase)
Finance your purchases to improve your cashflow
Banker's Acceptance (Purchase)
Greater assurance to secure your business deal
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