- Trade
- Import Services
- LC or SKBDN Issuance
LC or SKBDN Issuance
Guarantee payment to your suppliers
- Trade
- Import Services
- LC or SKBDN Issuance
LC or SKBDN Issuance
Guarantee payment to your suppliers
![](/documents/20358074/20833483/028.png/00a52966-db35-32a7-dea8-260d125d42b2?t=1576047761325)
Stronger ties
Build stronger relationships and support new business opportunities
![](/documents/20358074/20830311/006.png/10026325-0a15-936f-a78f-24fd20455260?t=1576045648287)
On your terms
Ensure the necessary documents are received for goods clearance
![](/documents/20358074/20833432/004.png/458fa2c3-d878-6a98-bb49-23326790e6a9?t=1576046458851)
Secure
Documents are checked for compliance and terms before you make payment
Sight Letter of Credit | |
The issuing bank will honour the payment at “sight”, which means the payment will be made once the documentation received is in order. |
Usance Letter of Credit | |
The Issuing bank will accept the draft once all documentation received is in order and agree to pay on the maturity date. |
Red Clause Letter of Credit | |
This allows the issuing bank to make partial advance payment to the seller upon receipt of the documentation. This is commonly used in manufacturing industries. |
- The buyer and seller enter into a contract and agree that payment be made on the basis of Letter of Credit
- Buyer approaches DBS (issuing bank) to issue Letter of Credit in favour of the seller
- DBS issues Letter of Credit which is advised through its branch or correspondent bank (advising bank) in the seller’s country
- Advising bank advises Letter of Credit to the seller
- Upon receipt of the Letter of Credit, the seller prepares shipment and delivers documents to presenting bank
- Presenting bank despatches documents to DBS for payment
- DBS pays the presenting bank upon verifying the documents are in order Upon receipt of payment, presenting bank pays the seller
- Buyer pays the document amount to DBS
- DBS forwards the documents to the buyer, who can now use them to obtain the goods
![](/documents/20358074/20833483/003.png/3214cac9-3708-0a76-e15c-95be647ef916?t=1576047752831)
Help when you need it
Our experts can offer you advice and expertise
![](/documents/20358074/20833489/081.png/f6847088-f6d7-0794-118f-950c31cbd0ce?t=1576047875728)
Leverage our “AA-” and “Aa1” credit ratings
Provide your sellers with assurances of payment through our Letters of Credit
![](/documents/20358074/20824020/005.png/00717add-a69b-4d4d-19f0-a9b9e43328b3?t=1576047280638)
Save time and ensure fast delivery
Apply for a Letter of Credit online via DBS IDEAL, our online banking platform
![contact us](/documents/41351971/361577963/call.png/b9f4467d-3300-0024-6311-5a31681f639d?t=1639732946316)
Call
From overseas: +6221 8082 6902
In Indonesia: 1500380
Operating hours: 8.00 am to 5.00 pm, Mon - Fri (excluding Public Holiday)
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