The world is your marketplace and you want to bring your products and services beyond Singapore's shores. With Maybank's range of short-term financial instruments for exporters, you can get the necessary safeguards for your interests while honouring your obligations.
Export LC Bills
With this Letter of Credit (LC) facility, you can receive payment immediately after shipment of goods upon presentation of your compliant documents. Maybank can also help you to
- Purchase/discount/negotiate the bill subject to final payment
- Purchase/discount/negotiate the bill subject to final payment (without advance), and to credit your account only upon receipt of funds from the reimbursing/paying bank
- Present to issuing bank for payment
We will process the Export LC bill according to your instructions. This means you will have
- No need for a credit line, if you are only negotiating bills
- Improved cashflow as your bills are converted into cash almost immediately
Outward (Export) Collection Bills
This is another major means of payment in international trade. You can ship the goods, prepare the documents and send them to the bank for collection. Maybank can either purchase your invoices if you need fast payment, or pay you when we receive the funds from your buyer. Payment terms can either be Documents released against Acceptance (DA) or Documents released against Payment (DP), providing you with
- Uncomplicated and inexpensive transactions
- Security in the knowledge that documents/title documents will not be released to the buyer until payment or acceptance has been effected
With export financing made simple, your company can grow steadily and safely with Maybank.
Open Account Trade Financing
You can obtain working-capital financing on any underlying trade transaction. Simply present us your trade receivables.
- Accelerated cashflow
- Reduced cost compared to other export financing arrangements.
Letter of Credit Advising/Confirmation
Social and political changes can increase your export risk, but Maybank can minimise it for you. If you are expecting LCs from your buyers, we provide a fast, efficient and reliable service to help you check their authenticity and confirm your LC, so you'll enjoy:
- Double assurance of payment, by issuing bank and confirming bank
- Minimised country/bank credit risk