Trade Seamlessly Across Global Markets

ICICI Bank helps importers manage payments to overseas suppliers via Letters of Credit (LCs) or import bill collections. Services include digital applications, simplified documentation, compliance support and trade finance options.

Exporters can leverage bill collections, LC advising, bill negotiation, post-shipment finance, and export factoring. The solutions are supported by ICICI Bank’s global banking network and digital platforms for faster, secure trade.

LC offers payment assurance to exporters if importers default. LC types include Sight, Usance, Standby LC and Back to Back LCs. BG types include financial and performance, BGs. Issuance depends on creditworthiness verification and, if required, collateral.

Trade transactions can be initiated and tracked digitally. Customers can generate LCs, submit requests, and monitor payments online, with real-time updates and seamless document handling.

Trade Solutions are ICICI Bank services that help importers, exporters, and businesses manage international trade efficiently, including Import Solutions, Export Solutions, LC and BG for secure payments and financing.

ICICI Bank supports import payments via LCs or bill collections. Importers can apply at ICICI Bank Singapore branch. The bank assists with document submission, compliance checks, and secure fund transfers.

Exporters can improve cash flow and reduce payment risk through bill collection, LC advising, negotiation, post-shipment finance, and export factoring, all supported by ICICI Bank’s correspondent banking network.

A Standby Letter of Credit assures payment to exporters if the importer fails to pay, covering open account trade, project completion, advance payments, and other contract obligations.

We handle issuance of SBLCs within and outside Singapore with the flexibility of handling them either as credit backed or deposits backed or basis a counter guarantee.

Applications can be submitted digitally or at branch. ICICI Bank evaluates creditworthiness, may request collateral, and guides clients through documentation, approval, and fund disbursement for all trade services.

Available to Singapore-based importers, exporters, and corporates. Applications can be submitted via the ICICI Bank Singapore branch. Guidance is provided for documentation and fund disbursement.