EXPORT LETTER OF CREDIT

Name: RHB Bank
Address: 90 Cecil Street RHB Bank Building, Level 1, Singapore, 069531, SG
Telephone: 1800 323 0100
Price range: $$$
Rating: 4.6

Facilitate secure and efficient trade with your overseas sellers

EXPORT LETTER OF CREDIT

Facilitate secure and efficient trade with your overseas sellers

Highlights & Benefits

RHB's comprehensive Letter of Credit services help both importers and exporters conduct business efficiently and safely.

Letter of credit advising

RHB assists in the authentication and verification of the issued Letter of Credit only, without any undertaking to honour or negiotiate. This vetting of the LC against the terms and conditions provides a safeguard for exporters from risks of delayed payment.

Letter of credit confirmation

Letter of credit safesguards against the risks of non-payment or any in-country risk.

RHB guarantees payment upon confirmation that conditions in the Letter of Credit have been fulfilled. Both importers and exporters gain assurance and peace of mind, while mitigating risks associated with a transaction.

Letter of credit advising

Letter of credit confirmation

Letter of credit safesguards against the risks of non-payment or any in-country risk.

Rates & Charges ( For LC Advising & Confirmation )

Advising of Letters of Credit / Amendment
Preliminary Advice	Waived
Brief	Waived
Full	S$30 flat
Amendment	S$30 flat
Confirmation of LC	Min-1/8% per month or part thereof, Min S$150
Negotiation	1/8% Flat, Min S$100
Reimbursements	S$100 flat
Acceptance of Draft Bills under usance LC issued by banks outside Singapore where RHB Bank is the accepting bank. *or part thereof - refers to 3 days grace, otherwise entire charges for the month applies.	1/8% (per month) or part thereof* from date of acceptance to the maturity date of bill. Min S$100 Countersign Indemnity 1/8% Flat, Min S$150 Max 2 months
Countersign Indemnity	1/8% Flat, Min S$150 Max 2 months

Facilitate procurement of goods

A transferrable letter of credit allows buyer's letter of credit to be transferred to the final seller, reducing trade disruptions for traders or middlemen who procure goods.

Facilitate procurement of goods

A transferrable letter of credit allows buyer's letter of credit to be transferred to the final seller, reducing trade disruptions for traders or middlemen who procure goods.

Rates & Charges ( For Transferrable LC )

Full Transfer
Without Substitution	1/8% Flat, Min S$250
With Substitution	1/8% Flat, Min S$500
Partial Transfer
Without Substitution	1/8% Flat, Min S$250
With Substitution	1/8% Flat, Min S$500
Negotiation	1/8% Flat, Min S$100
Amendments
Increase - Without Substitution	1/8% Flat, Min S$250
Increase - With Substitution	1/8% Flat, Min S$500
Text Only	S$100 Flat

Documents Required (For Transferrable LC)

Amendment to Documentary Credit Form	Download
Transfer Documentary Credit (LC) Form	Download

Improve cash flow

Export LC Negiotiation/Discounting allows an exporter to receive the value of the export documents upon negiotiation or discounting of letter or credit, providing access to funds and improving cash flows.

Documents Requirement (For Export LC Negotiation)

Trade Discounting Form	Download
Export Bill Schedule Form	Download

Enquire about our Letter of Credit services now.

Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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Connect with Us

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By checking this box, I have provided my Business Contact Information and I consent to receive occasional information, updates, offers and promotions about RHB Banking Group’s products and services through voice calls, by SMS/MMS or by emails for business purposes and not for any personal purpose.
I consent to receive occasional information, updates, offers and promotions about RHB Banking Group’s products and services through voice calls, by SMS/MMS or by emails (regardless of any current or future registration on any Do Not Call Register)

By clicking Submit, I consent to allow RHB Bank Berhad (RHB), RHB Group (including its holding company, subsidiaries and associated companies resulting from merger, sale, acquisition or restructuring) and any permitted third party by RHB to collect, use, disclose or transfer any information provided by me herein in Singapore or elsewhere for the products and services offered by RHB and as may be required by law, as the case may be.

EXPORT LETTER OF CREDIT

EXPORT LETTER OF CREDIT

Highlights & Benefits

Letter of Credit Advising & Confirmation

Letter of credit advising

Letter of credit confirmation

Letter of credit advising

Letter of credit confirmation

Rates & Charges ( For LC Advising & Confirmation )

Advising of Letters of Credit / Amendment

Transferrable Letter of Credit

Facilitate procurement of goods

Facilitate procurement of goods

Rates & Charges ( For Transferrable LC )

Documents Required (For Transferrable LC)

Export Letter of Credit Negotiation / Discounting

Documents Requirement (For Export LC Negotiation)

Enquire about our Letter of Credit services now.