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What do you need help with?
you are in GROUP WHOLESALE BANKING
The seller is ensured payment by the Issuing Bank once credit terms are fulfilled.
Issuing Bank retains shipping documents pending payment/acceptance from buyer.
Seller may apply for pre- or post-shipment financing under the LC.
UOB will notify you upon receipt of Letter of Credit (LC) from the Issuing Bank. If confirmation is added, UOB will pay upon compliance with LC terms.
Seller ships goods and presents documents to UOB for handling and negotiation.
UOB presents documents to Issuing Bank for payment according to terms of the LC. Discounting can be arranged, subject to approval.
UOB will notify you upon receipt of Letter of Credit (LC) from the Issuing Bank. If confirmation is added, UOB will pay upon compliance with LC terms.
Seller ships goods and presents documents to UOB for handling and negotiation.
UOB presents documents to Issuing Bank for payment according to terms of the LC. Discounting can be arranged, subject to approval.
Receive an authenticated export LC, with the option to add confirmation.
Pre-shipment loan that enables Seller to procure raw materials or prepare goods for export.
UOB expedites handling of documents and helps to improve cash flow by discounting against compliant documents.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
A solution involving two LCs to secure financing for a single transaction - one favouring the middleman, another favouring the ultimate seller.
Receive an authenticated export LC, with the option to add confirmation.
Pre-shipment loan that enables Seller to procure raw materials or prepare goods for export.
UOB expedites handling of documents and helps to improve cash flow by discounting against compliant documents.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
A solution involving two LCs to secure financing for a single transaction - one favouring the middleman, another favouring the ultimate seller.
Log in via UOB Infinity.
Select Trade Services (BIBPlus).
Navigate to Trade Account Services > Transaction and Reports > Advices and Notifications to obtain a copy of your LC.
Applicant
Beneficiary
Issuing Bank
Advising Bank
Confirming Bank
Negotiating Bank
Apply for UOB eAlerts to receive real-time notifications on your document status.
Payment method for exporter to receive payment/acceptance against shipping documents presented through banking channel.
Get working capital financing, protect your business from bad debt losses, and manage collections better.
Maximise your working capital and better manage your cash flow.
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