Export Documentary Collection | OCBC Business Banking SG
Export Documentary Collection

Export Documentary Collection

Intermediary services that facilitate trade settlement between buyer & seller

Why you will love this

A secured channel to route your commercial documents

Assurance of payment / acceptance before release of documents

No credit facility required

Features and benefits
Protect your trade settlement

Protect your interest

Retain control of goods until they are paid by relying OCBC as a trusted intermediary to handle the documents.

Retain control of goods until they are paid by relying OCBC as a trusted intermediary to handle the documents.

Greater flexibility to submit Export Documentary Collection application form

Late cut-off time

Enjoy greater flexibility with the option to submit your Export Documentary Collection application form till the cut-off time at 5pm.

(Mondays to Fridays, excluding public holidays)

Enjoy greater flexibility with the option to submit your Export Documentary Collection application form till the cut-off time at 5pm.

(Mondays to Fridays, excluding public holidays)

Request for cash in advance through Export Bill Purchase

Request for financing

If required, you can also request for cash in advance through Export Bill Purchase.

If required, you can also request for cash in advance through Export Bill Purchase.

How it works
Process for pre- and post-shipment

Pre-shipment

Step 1

Ship out your goods

Post-shipment

Step 2

Submit your commercial documents and Export Documentary Collection application form to OCBC

Post-shipment

Step 3

OCBC will process and send your documents to your buyer’s bank

Post-shipment

Step 4

OCBC will notify you when the buyer accepts the Bill of Exchange and pay you when the funds are received from the buyer’s bank
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Fees and charges

Export collection handling fees

0.125% of the bill amount. Minimum fee of S$75 applies.

Commission-in-lieu-of-exchange

0.125% of the bill amount. Minimum fee of S$75 applies.

Ways to apply

Apply for an Export Documentary Collection today

Terms and conditions

You understand and agree that the below terms and conditions and your application together will form an agreement between you and OCBC.



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