Digital Business Banking - Trade Finance | OCBC Business Banking SG

Power your business with OCBC Velocity Digital Business Banking

Manage your trade finance portfolio online. It is extremely efficient, especially in this new economy.

With OCBC Velocity, our Digital Business Banking platform, we are here to meet your trade financing needs. We provide a suite of import and export trade solutions that mitigate your trade risks and optimise working capital to support your business expansion.

Go digital with your trade finance
Key Features

Apply for trade financing

Access a suite of import and export trade solutions.

Access a suite of import and export trade solutions.

Modify trade instructions and provide settlement documents

Easily amend your trade instructions or submit settlement documents.

Easily amend your trade instructions or submit settlement documents.

Approve trade transactions

Approve your trade transactions on-the-go.

Approve your trade transactions on-the-go.

Online document submissions

Submit your supporting documents online for quicker processing.

Submit your supporting documents online for quicker processing.

Customise reports for reconciliation and tracking

Retrieve an electronic copy of your transaction advices on OCBC Velocity to reconcile and track trades.

Retrieve an electronic copy of your transaction advices on OCBC Velocity to reconcile and track trades.

Trade notification

Be alerted on your trade status with real-time notifications.

Be alerted on your trade status with real-time notifications.

SECURE OBLIGATIONS WITH GUARANTEES
Banker’s Guarantee / Standby Letter of Credit

Secure contracts as well as attain the necessary products and services to help your business deals.

ACCESS VELOCITY@OCBC ON THE GO

Download the Business Banking Mobile app

velocity app
OCBC Business Banking Mobile app
DIGITAL BUSINESS BANKING

Log in to OCBC Velocity

OCBC Velocity Service Packages

Access to OCBC Velocity is free for all business accounts.

From your daily banking needs to complex control and approval structures, you can choose a setup that caters to your business' unique needs.

Basic Standard Classic Premium
1 user or more 1 user or more At least 2 users Fully customisable roles

The role of this user is a "Viewer".

Viewers can view account balances and statements only.

No transactions can be performed.

The role of this user functions as both a "Maker" and "Authoriser".

Good for smaller or single-man operating businesses.

Users in this package can:

View account balances, statements and trade finance portfolio*.
*If the trade account is tagged.

Perform transactions:

  • Make local and overseas transfers
  • Pay bills
  • Manage payroll
  • Do fund collection
  • Submit selected trade finance applications and instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage templates

The roles of users can be assigned to either "Maker" or "Authoriser".

Good for larger and more complex businesses.

Maker
Perform transactions:

  • Make local and overseas transfers
  • Pay bills
  • Manage payroll
  • Do fund collection
  • Submit selected trade finance applications & instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage templates

Authoriser
1 person can approve a transaction

OR

2 people are required to jointly approve a transaction.

Access control and approval structure that caters to your company's needs.

Perform transactions:

  • Make local/overseas transfers
  • Pay your bills
  • Manage your payroll
  • Do fund collection
  • Submit selected trade finance applications & instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage template

Basic

 
1 user or more
The role of this user is a "Viewer".
Viewers can view account balances and statements only.
No transactions can be performed.

Standard

 
1 user or more
The role of this user functions as both a "Maker" and "Authoriser".
Good for smaller or single-man operating businesses.
Users in this package can:
View account balances, statements and trade finance portfolio*.
*If the trade account is tagged.
Perform transactions:
  • Make local and overseas transfers
  • Pay bills
  • Manage payroll
  • Do fund collection
  • Submit selected trade finance applications and instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage templates

Classic

 
At least 2 users
The roles of users can be assigned to either "Maker" or "Authoriser".
Good for larger and more complex businesses.

Maker
Perform transactions:
  • Make local and overseas transfers
  • Pay bills
  • Manage payroll
  • Do fund collection
  • Submit selected trade finance applications & instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage templates

Authoriser
1 person can approve a transaction
OR
2 people are required to jointly approve a transaction.

Premium

 
Fully customisable roles
Access control and approval structure that caters to your company's needs.
Perform transactions:
  • Make local/overseas transfers
  • Pay your bills
  • Manage your payroll
  • Do fund collection
  • Submit selected trade finance applications & instructions
  • Receive notifications
  • Manage beneficiary payee & payer list
  • Manage template

Not registered for OCBC Velocity? Apply with this form.