LOCAL BILL PURCHASE-i/EXPORT BILL PURCHASE-i (BAI’ AL-DAYN)
Convert your sales under the Letter of Credit into cash
Request for cash advances
Obtain financing for your sales or exports via Local Bill Purchase-i/Export Bill Purchase-i.
Obtain financing for your sales or exports via Local Bill Purchase-i/Export Bill Purchase-i.
Greater liquidity
Bridge your cash flow gaps with cash advances from your sales.
Bridge your cash flow gaps with cash advances from your sales.
Step 1
Pre-shipment
Step 2
Pre-shipment
Step 3
Pre-shipment
Step 4A
Pre-shipment
Step 4B
Pre-shipment
Step 5
Shipment
Step 6
Post-shipment
Step 7
Post-shipment
Step 8
Post-shipment
Step 9
Post-shipment
Track transactions in real time
Get an overview of your trade finance portfolio and obtain status updates on your trade finance applications submitted via OCBC Velocity.
View your transaction history instantly
Retrieve an electronic version of your advices anytime, anywhere on OCBC Velocity.
Don’t have OCBC Velocity?
Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.
Apply for Local Bill Purchase-i/Export Bill Purchase-i today.
and submit it at a Business Banking Service Desk near you.Locate a branch
Invoice Financing-i (Sales)
Discount your sales invoices for better cashflow management.
Accepted Bill-i (Sales)
Improves your cash flow by turning your receivables into cash.
Export Documentary Collection-i
Intermediary services that facilitate trade settlement between buyer & seller.