Banker's Guarantee / Standby Letter of Credit

Greater assurance to secure your business deal


  • Helps you secure the deal with your seller
  • Tap on OCBC's reputation to give your seller the assurance


 

  • Your seller requests for BG / SBLC with specific format
  • You apply for OCBC to issue BG / SBLC
  • OCBC issues BG / SBLC
  • OCBC pays your seller in the event of a claim on the BG/SBLC


 

  • Service commitment

    Service commitment
    Same-day BG/SBLC issuance (when your application is in order and if you have a Banker's Guarantee/Standby Letter of Credit Line with OCBC)

  • Late cut-off time

    Late cut-off time
    Cut-off time at 5pm allows greater flexibility. (Mon to Fri, excluding public holidays)



How to apply

Banker’s Guarantee

Do you have a Banker's Guarantee Line with OCBC?

  • No
  • Yes


Issuance/amendment fees

Minimum fee (whichever is higher)

2% a year* or S$200

*For a minimum period of 1 year

You have two options for submission:

Online application:

 

Login to Velocity@ocbc


or

Walk-in application:

 

  1. Download and fill up the following forms:
    Application Form
    Standard Format
  2. Submit the completed form at a Trade Service Centre near you.

 

All applications are subject to bank's acceptance and approval.


Issuance/amendment fees

Minimum fee (whichever is higher)

2% a year* or S$500

*For a minimum period of 1 year

You have two options for submission:

Email application:

 

  1. Download and fill up the following forms:
    Application Form
    Standard Format
  2. Email us at BusinessBG@ocbc.com and provide the following:
    1. An attachment of the completed Application Form
    2. An attachment of your Banker’s Guarantee Format

 

We will call you by the next working day.

or

Walk-in application

 

  1. Download and fill up the following forms:
    Application Form
    Standard Format
  2. Submit the forms at any of these branches:
    • Ang Mo Kio Central Branch
    • Bukit Batok Business Banking Centre
    • OCBC Centre Branch
    • Toa Payoh Central Branch
    • Ubi Business Banking Centre

 

Branch location and opening hours

 



All applications are subject to bank's acceptance and approval.


Standby Letter of Credit

Do you have a Standby Letter of Credit Line with OCBC?

  • No
  • Yes


Issuance/amendment fees

Minimum fee (whichever is higher)

2% a year or S$200

(For a minimum period of 1 year)

You have two options for submission:

Online application:

 

Login to Velocity@ocbc


or

Walk-in application:

 

  1. Download and fill up the following forms:
    Application Form
    Standard Format
  2. Submit the completed form at a Trade Service Centre near you.

 

All applications are subject to bank's acceptance and approval.


Issuance/amendment fees

Minimum fee (whichever is higher)

2% a year* or S$500

*For a minimum period of 1 year

Submissions process:

Walk-in application:

 

  1. Download and fill up the following forms:
    Application Form
    Standard Format
    Cash Margin Letter
  2. Submit the completed form at a Trade Service Centre near you.

All applications are subject to bank's acceptance and approval.




  • Important Notices
  • Terms and conditions apply