Name: RHB bank
Address: 90 Cecil Street RHB Bank Building, Level 1, Singapore, 069531, SG
Telephone: 1800 323 0100

LETTER OF CREDIT

Gain assurance on your buyer’s Letter of Credit

Letter Of Credit Advising

The LC advising bank checks the authenticity of the Letter of Credit without any undertaking to honour or negiotiate.

RHB checks the authenticity of the letter against the terms and conditions of the export documents to safeguard you from any risks associated with delayed payment.

Letter Of Credit Confirmation

LC Confirmation removes the risks of non-payment of your buyer's bank or any in-country risk.

RHB will assist on your buyer’s Letter of Credit upon request and guarantee payment once conditions in the Letter of Credit have been fulfilled. Both parties will gain greater assurance and peace of mind, while mitigating any risks associated with the Letter of Credit during a trade transaction.

Letter Of Credit Advising

The LC advising bank checks the authenticity of the Letter of Credit without any undertaking to honour or negiotiate.

RHB checks the authenticity of the letter against the terms and conditions of the export documents to safeguard you from any risks associated with delayed payment.

Letter Of Credit Confirmation

LC Confirmation removes the risks of non-payment of your buyer's bank 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 if you are a middleman or trader that does not supply the goods and wishes to transfer the Buyer's LC to the final seller.

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 Requirement ( For Transferrable LC )

Amendment to Documentary Credit Form

Download

Transfer Documentary Credit (LC) Form

Download

Export LC Discounting/ Negiotiation allows an exporter to receive the value of the export documents upon negiotiation or discounting of LC.

Documents Requirement ( For Export LC Negotiation )

Trade Discounting Form

Download

Export Bill Schedule Form

Download

Important Notice

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

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Enjoy the assurance that the goods will be shipped before payment is made to the seller.

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Facilitate your trade activities with our inward bill collection services.

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Free up your cash flow and focus on growing your business.

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Save time and money by taking possession of your goods

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Collect payment efficiently from your buyer's bank

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Get peace of mind when you make payment to beneficiaries.

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