Import Documentary Collection
Intermediary services that facilitate trade settlement between buyer & seller
Protect your interest
Rely on OCBC as a trusted intermediary to handle your documents.
Rely on OCBC as a trusted intermediary to handle your documents.
Address your risk concerns
Ensure goods have been shipped before making payment.
Ensure goods have been shipped before making payment.
Request for financing
Convert your import documentary collection into trust receipt for your working capital needs.
Convert your import documentary collection into trust receipt for your working capital needs.
Submit instructions online
Provide payment or acceptance instructions digitally, at your convenience.
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 to perform your first trade finance transaction and manage your trade finance portfolio on-the-go.
Fees and charges
Documentary collection
commission
0.125% of the bill amount.
Minimum fee of S$75 applies.
Presentation fee
No charge for first presentation.
S$25 for each subsequent presentation.
Documents released
free of payment
S$75 plus expenses
Protest fee
S$100 plus expenses
Holding fee
(for unaccepted / unpaid bill)
S$30 per month
Commission-in-lieu-of-exchange
0.125% of the bill amount.
Minimum fee of S$75 applies.
Pay or accept the Import Documentary Collection on OCBC Velocity today
Visit a Trade Service Centre to collect your trade documents from OCBC
Need help? Call us at +65 6318 7777. Mondays – Fridays, 9am to 6pm (excluding public holidays)
Shipping Guarantee / Air Waybill
Take the delivery of the goods before receipt of the Bill of Lading / Air Waybill
Trust Receipt
Free up your funds for business purposes
Invoice Financing (Purchase)
Finance your purchases for better cash flow management