digital trade platform

Digital Trade Platforms

Boost efficiency and enjoy a seamless end-to-end Letter of Credit settlement

Digital Trade Platforms

Boost efficiency and enjoy a seamless end-to-end Letter of Credit settlement

At a glance

DBS has partnered with multiple Digital Trade Platforms (DTP) including ICE Digital Trade (formerly essDOC), ELCY and Komgo to help improve our clients' experience and digitise workflows for greater efficiency. DTPs support the digital application, presentation of electronic documents and end-to-end settlement under Letter of Credit (LC), helping corporates to eliminate complex paper processes and enhance transparency.

Trade ProcessesE-ApplicationE-AdvisingE-Presentation

Importer sends LC Issuance applications to DBS via selected DTP

Exporter receives the LC Advice from DBS via selected DTP Exporter sends or importer receives electronic documents called for under the LC to or from DBS via selected DTP
Trade ServicesLC IssuanceLC AdvisingExport Document Presentment
Digital Trade PlatformsELCY, KomgoICE Digital Trade (formerly essDOC)
About Komgo

Komgo is a network of banks and corporates with two key modules to serve trade finance needs: 

  • Konsole – a multi-bank trade finance platform
  • Market – a corporate price quotation marketplace

It connects corporates and banks in a workflow-based, structured communication supporting corporates’ trade finance and services needs, e.g., Letters of Credit, Guarantees, and Standby Letter of Credit requests. In addition, it supports exchange with multiple banks at once and provides a consolidated view across parties on the transaction statuses for greater visibility.

By streamlining communications between corporates and their banks, Komgo enables them to generate speed and efficiency in their trade finance operations.

Why Digital Trade Platforms

Improves operational efficiency

Reduce complexity, labour-intensive paper-based processes and improve turnaround time.


Ensures business continuity

Mitigate risk during unforeseen circumstances with digital processes put in place.


Optimises working capital

Shorten settlement time and be enabled to make faster decisions on cash flow planning.


Enhances connectivity

One-stop platform to connect with trade counterparties and banks. Saves the hassle of navigating different user interfaces to complete various LC needs.


Boosts security and transparency

Digital audit trail and real-time status updates on transactions. Eliminates the risk of the documents being delayed or lost in transit.


Read about how our strategic partnership have helped to boost efficiencies and connectivity.

First secured letter of credit transaction between Nanjing Iron & Steel and Rio Tinto

Case studies

Digitalising trade in the Metals & Mining Industry

DBS is partnering with digital trade platforms to bring speed, transparency and security to our corporates to help them embrace end-to-end digital trade solutions.

How will onboarding on DTP be different?

It reduces manual processes and is a one-stop platform to connect with trade counterparties and banks, allowing access to real time status updates on transactions.

Is the LC issued on the DTP?

It is issued via the SWIFT network. 

Must a separate or special facility be set-up for transactions utilising DTP?

No separate facility is required to be set up. 

Must all documents called for under the LC and subjected to eUCP be electronic to utilise DTP?

This will depend on the LC terms if it allows mixed (partial paper and electronic) or fully electronic copies. We can assist you on the appropriate LC terms to suit your needs.

How do I get started on DTP?

For existing clients, reach out to your relationship manager and we can connect you with your chosen DTP if you are not already a user on the platform.

If you are new to DBS and would like to find out more, complete the instant account opening and sign up


Get in touch
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From overseas: +65 6222 2200
In Singapore: 1800 222 2200
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