Enterprise Financing Scheme - Trade

Enterprise Financing Scheme - Trade

Government-backed short term trade financing

Enterprise Financing Scheme - Trade
Why you will love this

Tap on the government risk-sharing schemes to help you obtain trade financing

Loan amount up to S$10 million

Enjoy 1 year coverage on your trade finance facilities

Who can apply

At least 30% Singaporean and/or Singapore PR shareholding

Registered and operating in Singapore

Group annual sales of up to S$500 million

Government risk-sharing scheme to help Singapore-based companies obtain trade financing facilities

Features and benefits

Low insurance premium

Enjoy low insurance premiums on government-backed insurance

1 year coverage

Enterprise Financing Scheme - Trade (EFS - Trade) will provide 1 year coverage for your trade finance facilities

How it works

Step 1

Approach OCBC for trade finance facilities.

Step 2

If applicable, OCBC will apply for insurance cover under Enterprise Financing Scheme - Trade (EFS - Trade), as part of the trade finance facility application process.

Step 3

Once approved, OCBC will be able to extend trade financing to you under the EFS - Trade.

Fees and charges

Insurance premium for 1 year coverage will be charged.
The insurance premium will vary according to the trade finance facility size requested.

Ways to apply

Enquire about the Enterprise Financing Scheme - Trade today

Common questions
What trade finance products are eligible for the Enterprise Financing Scheme - Trade (EFS - Trade)?
Borrowers can apply for EFS - Trade to secure short-term trade financing for the purpose of:
  • Inventory / stock financing facility
  • Structured pre-delivery working capital
  • Factoring / bill or invoice or accounts receivable discounting with recourse
  • Overseas Working Capital Loan
  • Banker's Guarantee (from 1 April 2021 onwards)
What are the EFS - Trade eligibility requirements for borrowers?
  • Borrower must be incorporated and operating in Singapore

  • Borrower must have at least 30% local shareholdings

  • Borrower's group annual sales turnover must not be more than S$500million

What is the maximum facility limit that can be approved?

The maximum limit under EFS - Trade is S$10 million per Borrower, and S$20 million per Borrower Group (from 1 April 2021 onwards).

How is the insurance premium determined?

The insurance premium will vary according to the trade finance facility size requested.

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