This is a credit facility granted to the customer to enable him to take delivery of the goods prior to payment. As security, the goods title is with OCBC Bank, and the customer will undertake to hold the documents, the goods and the sale proceeds in trust for the bank.
Next Steps :
Benefits
Increased flexibility
Financing for full LC amount
Interest payable on maturity
Why OCBC Bank ?
Electronic Submission Available : OCBC Bank’s internet banking - Velocity@ocbc - offers you to submit your instructions via electronic means giving you greater convenience.
We offer customers a wide range of Business Cash Financing opportunities.
