- Solutions
- Digital Trade Platforms
Digital Trade Platforms
Boost efficiency and enjoy a seamless end-to-end Letter of Credit settlement
- Solutions
- Digital Trade Platforms
Digital Trade Platforms
Boost efficiency and enjoy a seamless end-to-end Letter of Credit settlement
DBS has partnered with multiple Digital Trade Platforms (DTP) including Contour, essDOCS, 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 Processes | E-Application | E-Advising | E-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 Services | LC Issuance | LC Advising | Export Document Presentment |
Digital Trade Platforms | Contour, ELCY, Komgo | Contour, essDOCS |
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.
Contour is a decentralised digital trade network, powered by R3’s Corda blockchain software, that enables an enhanced degree of collaboration across the trade ecosystem.
-
Each party can communicate and conduct data exchange with trade counterparties seamlessly
-
Parties can manage transactions in real time through streamlined workflows and achieve a fully digital audit trail and real-time tracking of transaction statuses

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 partnerships have helped to boost efficiencies and connectivity.
DBS and Contour broaden digital trade offerings to four markets in Asia-Pacific
First secured letter of credit transaction between Nanjing Iron & Steel and Rio Tinto
Baosteel and Rio Tinto complete first deal on Contour platform
Case studies
DBS is partnering with digital trade platforms such as Contour to bring speed, transparency and security to our corporates to help them embrace end-to-end digital trade solutions.
Is the LC issued on the DTP? | |
On Contour, it is issued directly on the network. On other DTPs, 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. |
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.
|

Call
From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)