letter of credit advising

Letter of Credit Advising

Verify the authenticity of your Letter of Credit

Letter of Credit Advising

Verify the authenticity of your Letter of Credit

At a Glance
Enjoy greater security and convenience with our Letter of Credit (LC) Advising.
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Secure

We authenticate your inbound LC and assure that it comes from a genuine source

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Convenient

We will notify you upon its arrival. You can choose to safeguard your document with us. Or collect it from our convenient trade counters and branches

Features & Benefits
DBS SME Access a global bank network emblem

Access a global bank network

We have over 5,000 correspondent relationships and authentication arrangements worldwide

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Safeguard your document with us

There will be no need to spend time collecting it. Simply sign up to enjoy the service

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Stay in the know

We will call or fax you when we receive the new LC. Users of our online platform DBS IDEAL will also have access to a copy of the LC

How to Apply

Instruct your buyer to indicate DBS Singapore as the required advising bank when the Letter of Credit (LC) is issued to you.

FAQs
How do I know that DBS has received the LC?

You will be notified by phone or SMS when we receive the new document. DBS IDEAL users will be notified by email.

Where do I collect my LC?

We will contact you to arrange. You may collect it at your preferred Trade Document Counters or DBS collection branches.

Will the Letter of Credit be authenticated by DBS?

Yes, we will authenticate all LC received by SWIFT.

Can you authenticate a hard copy of the LC?

Yes, we will verify the issuing bank’s signature on the hard copy and advise you when it’s been authenticated.

How do I make amendments to the LC?

Please contact your buyer directly. They will then ask the issuing bank to make the changes. Upon receipt of the amendments, we’ll contact you via phone, fax, or email. 

Client Testimonial
Mr. Chandru Dadlani, Director - Aakash International Pte Ltd

"DBS has been very helpful to pre-check all Letter of Credit requirements before we close big deals."

Mr Chandru Dadlani, Director - Aakash International Pte Ltd