Close
Our wide range of import / export trade services allows you secure, flexible payment options.
Import-related services
Letters of Credit (LCs)
- Help you negotiate best pricing from suppliers as payment to them is assured
- Various types such as back-to-back LCs or revolving LCs to suit your business needs
- Options of payment at sight or at future date to accommodate agreed credit terms
- Payment or acceptance of compliant documents processed under international rules
- Online submission of LC applications and amendment instructions available via DS-Direct to speed issuance process
Shipping Guarantees
- Help you take delivery of goods from shipping company prior to arrival of documents
- Lower risk of demurrage charges or losses from price fluctuation or deterioration of goods
- Allow deferment of payment until arrival of import documents
Loans against Trust Receipts
- Support your working capital needs when paying supplier under Documentary Credit or Documentary Collection terms
- Offer more flexible financing options by taking possession of goods against Trust Receipt then repaying us on agreed due date
- Improve your cash flow and unlock funds to expand your business
Inward Bills for Collection
- A more cost-effective alternative to payment by documentary credits
- Documents released once you fulfil the payment terms of your supplier
- Documents against Payment (DP) option: against your full payment
- Documents against Acceptance (DA) option: against your acceptance of the draft and undertaking to pay at a later date
Import Invoice Financing
- Enhance your negotiating position when trading on open account term by allowing you to make timely payments to suppliers
- Flexible financing terms to meet your cash flow planning.
- Online application and submission of supporting documents available via DS-Direct to save your time
Reverse Factoring
- Lets you prepay selected suppliers for goods / services received once you have accepted and approved the invoices
- You can then retain the prepaid invoices as trade payables until their invoice due dates
- By helping your suppliers obtain cash earlier, you can secure more constant supplies to your business
Export-related services
Negotiation or Collection of Export LC Bills
- More secure form of payment than documentary collection or open account sales, as document handling under LC is subject to international rules
- Our quality checking service ensures your documents are prepared in accordance with LC terms and conditions to speed up payment from LC issuing bank
- Negotiation of sight bill or discount of usance bill allows you immediate access to cash to meet your working capital needs
Purchase and Collection of DA / DP Bills
- Ensure your trade documents remain under bank control until your buyer pays (under DP term) or accepts the tenor draft and undertakes to pay at a later date (under DA term).
- Purchase of the DP or DA bills to allows you to obtain cash earlier for use on other business.
- Credit protection on buyer's payment risk available under ECIC credit insurance policy for DP or DA bills purchased by us
LC Advising and Confirmation
- Reliable service to advise you of export DC arrival as soon as transmitted by issuing bank
- Free custody service available to safe-keep your LCs and eliminate the hassle of handling paper copies
- Confirmation service available when instructed by LC issuing bank to mitigate payment and political risk
LC Transfer
- Enable you as a middleman to buy and sell on Documentary Credit terms without holding up your own credit facilities for LC issuance
- Enables your suppliers to obtain trade finance under a Documentary Credit when required
- All or part of a transferable Documentary Credit may be used to source the goods and pay under LC terms
Packing loans
- Offer advances for your purchase of raw materials / finished goods, or payment of pre-shipment expenses on the support of an export LC or confirmed purchase order in your favour
- Advance repayable by negotiation of export LC bills, purchase of export DP / DA bills or advances against receivables .
Advances against Receivables
- Provide post-shipment finance for your open account sales against presentation of invoice and supporting proof of delivery
- Allow your receivables to be turned into cash for other purchases or business activities
- Minimise exchange risk when advance is converted into a currency required by your business immediately after shipment
- Credit protection also available on buyer's payment risk under export credit insurance policy
- Online application and submission of supporting documents through DS-Direct to obtain cash earlier
Factoring services
- Strengthen your working capital by enabling prompt prepayment against assignment of your account receivables
- Save your time and resources through our quality receivable management and payment collection services
- Protect your account receivables on open account term with credit protection against buyer's default risk
- Improve your financial position by off-balance sheet treatment for the assignments
Electronic Trade Declaration Services
- We can handle your trade declarations as part of our regular bank service
- Electronic lodgment and payment of export trade declarations through Tradelink terminal at designated Dah Sing Bank branches
Download Trade Finance Product Brochure to find out more (PDF)
