At a Glance

Improve cash flow with Letter of Credit Negotiation/Discounting by receiving immediate credit while you wait for payment from the issuing bank.

Fees

Please refer to the Trade Pricing Guide.

How to Apply

Get your documents processed on the same day. Simply submit your application form and documents:

  • before 6pm (working day).

  • to any of our Trade Document Counters at Marina Bay Financial Centre and Jurong Gateway (Toh Guan).

FAQs
Do I need a credit facility to apply?

No. However, this service is subject to issuing bank and country limit availability.

How do I access the discounting rate?

Please contact us. We will arrange for a relationship manager to assess your needs and provide a quote.

How do I check the status of my letter?

You will be notified once the payment is credited to your account. You can also monitor payments online through DBS IDEAL

How do I complete the application form?

Please refer to EBLC Explanatory Notes.