Export Documentary Collection
Collect your payments efficiently as UOB helps to process your export documents.
Documents against Payment (DP)
We send your export documents to your buyer (buyer’s bank) . Once payment is received, we will credit the funds to your account.
Documents against Acceptance (DA)
We send your export documents to your buyer (buyer’s bank) so they can accept your bills to pay a fixed future date. When payment is received, we will credit the funds to your account.
- Letter of Credit Advising
We help to authenticate your buyer’s LC and assure that it is legitimate before you complete the transaction
- Letter of Credit Discounting/Negotiation
Convert your receivables into immediate cash while waiting for payment from your buyers, Improving cash flow.
- Transferable Letter of Credit
If you are a middleman/reseller in a transaction, you can request for UOB to transfer your Export Transferrable LC to the final seller. This will eliminate the hassle of issuing an LC to purchase the goods before selling them against an Export LC, thereby helping you quickly secure the goods you have purchased. Click here to learn more.
- Letter of Credit Confirmation
Remove uncertainties associated with the country risks or credit rating of your buyer’s issuing bank when UOB helps you to confirm the LC.
Export Bill Purchase
We can provide an advance to you by financing your export bills at full value, before you receive payment from your buyers. The advance will be based on your facility with UOB.
Other Export Services
Export Packing Credit
Financing to facilitate the preparation of goods prior to shipment. This application can be accompanied by documents evidencing the intended shipment, but need not be the actual shipping documents.
Open Account Trade Finance
Improve your cash flow with short-term trade financing. We can provide Open Account Financing for the credit period you offer to your buyer, enhancing the relationship with your buyer.
