- Inventory / stock financing facility
- Structured pre-delivery working capital
- Factoring / bill or invoice or accounts receivable discounting with recourse
- Overseas Working Capital Loan
- Banker's Guarantee (from 1 April 2021 onwards)
Enterprise Financing Scheme - Trade
Government-backed short term trade financing
Government risk-sharing scheme to help Singapore-based companies obtain trade financing facilities
Features and benefits
Low insurance premium
Enjoy low insurance premiums on government-backed insurance
1 year coverage
Enterprise Financing Scheme - Trade (EFS - Trade) will provide 1 year coverage for your trade finance facilities
How it works
Step 1
Approach OCBC for trade finance facilities.
Step 2
If applicable, OCBC will apply for insurance cover under Enterprise Financing Scheme - Trade (EFS - Trade), as part of the trade finance facility application process.
Step 3
Once approved, OCBC will be able to extend trade financing to you under the EFS - Trade.
Ways to apply
Enquire about the Enterprise Financing Scheme - Trade today
FAQS
Common questions
What trade finance products are eligible for the Enterprise Financing Scheme - Trade (EFS - Trade)?
Borrowers can apply for EFS - Trade to secure short-term trade financing for the purpose of:
What are the EFS - Trade eligibility requirements for borrowers?
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Borrower must be incorporated and operating in Singapore
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Borrower must have at least 30% local shareholdings
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Borrower's group annual sales turnover must not be more than S$500million
What is the maximum facility limit that can be approved?
The maximum limit under EFS - Trade is S$10 million per Borrower, and S$20 million per Borrower Group (from 1 April 2021 onwards).
How is the insurance premium determined?
The insurance premium will vary according to the trade finance facility size requested.
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