DBS IDEAL supports the issuance and amendment of Letter of Credit (LC), multi-currency LCs and import collection settlements, and application of trust receipt financing. You can also apply online for a banker indemnity to clear goods from the shipping or airline companies before transport documents are received.
If your company is the beneficiary party, enquiry of SWIFT export letters of credit and amendments, as well as apply for a LC confirmation are supported online. Using DBS IDEAL, you can be updated of the status of the acceptance and payment of the export LC or collection.
You can also apply for a banker’s guarantee and standby letter of credit and make amendments through DBS IDEAL.