Export Letter of Credit
Assures payment when your documents meet the conditions in the Letter of Credit
Reduce the payment risks
Eliminate the risk related to the buyer’s bank and country with Letter of Credit confirmation.
Eliminate the risk related to the buyer’s bank and country with Letter of Credit confirmation.
Authenticity verification
Ensuring that the Letter of Credit issued to your buyer is authentic.
Ensuring that the Letter of Credit issued to your buyer is authentic.
Request for cash advances
If required, you can request and obtain financing via Export Letter of Credit Discounting.
If required, you can request and obtain financing via Export Letter of Credit Discounting.
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 hard copy
Submit your supporting documents online for quicker processing.
View your history instantly
Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.
Don’t have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on the go.
Fees and charges
0.125% of the bill amount for Letter of Credit processing. Minimum fee of S$75 applies.
Commission-in-lieu-of-exchange:
0.125% of the bill amount for Letter of Credit processing. Minimum fee of S$75 applies.
Apply for an Export Letter of Credit today
and visit a Trade Service Centre to submit your completed form
Need help? Call us at +65 6318 7777. Mondays – Fridays, 9am to 6pm (excluding public holidays)
Terms and conditions
You understand and agree that the below terms and conditions and your application together will form an agreement between you and OCBC.
- Letter of Credit (Application) Read and print T&C
- Letter of Credit (Export Documents Processing) Read and print T&C
- Export Documentary Collection Read and print T&C
- Invoice Financing (Sales) Read and print T&C
- Invoice Financing (Purchase) Read and print T&C
Invoice Financing (Sales)
Finance your invoices for better cash flow management
Export Documentary Collection
Intermediary services that facilitate
trade settlement between
buyer & seller
Digital Business Banking
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