| Letter of Credit Advising |
UOB ensures that all export Letters of Credit are authenticated before advising the exporter to give you that peace of mind to concentrate on your export manufacturing
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| e-LC (electronic advice of Letter of Credit) |
Now, you no longer need to wait for the hard copy LC to start preparing your trade documents. With e-LC, a softcopy of your inward Letter of Credit will be sent directly to your nominated e-mail address. It is encrypted and password protected so you can be assured that the e-mail sent to you is secured. Besides providing an alternative & efficient means of receiving LC and LC amendments, it also enhances accuracy in preparation of export documents where you can cut and paste relevant LC text onto your trade documents. This increases efficiency and convenience in sending relevant information to other parties (e.g. shipping and insurance companies).
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| Packing Credit/ Export Loan |
Pre-shipment working capital financing provides you with the facilities to ease your cash flow and finance your working capital while you fulfill your order.
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| Documentary Collection |
Provides you with a flexible and cost-effective way of managing your collection (D/A - documents against acceptance or D/P - documents against payment) while retaining some control over your documents. UOB will do the monitoring of the status and the collection of payments for you.
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| Bills of Exchange Purchased |
Arrangements can be made to provide an advance to bridge your financing requirements while DA/DP documents are being sent on a collection basis. A pre-approved facility is required for this service.
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| Credit Bills Purchased |
Facility can be arranged for same day crediting of proceeds to the exporter for negotiation of compliant shipping documents under the exporter's Letter of Credit. To further ease the exporter's cash flow, special consideration may be arranged for documents that fall short of the requirements.
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| Export Credit Refinancing |
Pre-Shipment: facilities for financing the working capital requirements of the exporter.
Post Shipment: facilities for financing of usance exports.
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| Direct Collection |
Direct Collection eradicates the need to present everything to your bank first, before you can get things moving. Simply forward everything to your buyer's bank, and from then on, we'll monitor payments on your behalf. With it, you eliminate time wastage, reduce costs and quicken payments.
With Direct Collection there is no cut-off time in sending of documents. You also enjoy substantial savings on collection charges. Direct Collection is simply a smarter, time saving, cost cutting, way for you to do business.
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| Bank Guarantee |
This is usually a written undertaking issued by a bank at a customer's request in favour of a third party (the beneficiary) guaranteeing payment in case of default. UOB is able to support your business by providing performance bonds or financial guarantees to your beneficiaries. Such guarantees, being part of contracts for exporting goods and services may be used to guarantee a contractor's / builder's obligation in the construction industry.
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| Standby Letter of Credit |
A fast growing financial instrument locally and globally. Standby Letter of Credit (SBLC) falls under the ambit of Uniform Customs & Practice for Documentary Credits (ICC Publication 500 or International Standby Practices 1988 / ISP98) both being internationally accepted set of rules and regulations governing SBLCs. It provides a measure of protection to customers who prefer SBLC.
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| Structured Financing |
We can structure and customize your special trade financing needs to cater for a Special Project you may have been awarded with. You can also utilize our trade finance services to better manage your cash flow or for working capital requirements.
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| UOB Click & Track |
An on-line tracking system generally meant for tracking of export bills such as Negotiation Bills (NG), Bills Purchased (BP), Outward Bills under Collection (OB) and Outward Bills under Letter of Credit (BC), going out to the importer's bank using UOB export bills reference number instead of using airway bill number via UOB Business Internet Banking.
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