Loan Financing
Our loan financing business provides customers with financing solutions on a full range of specialized projects and daily operational requirements. Our financing solutions are tailored based on the business characteristics and unique requirements of each client, including financing loans for syndicates and bilateral clients.
Working Capital Loan
Working capital loans cater towards the daily operational needs of the borrower and it could be a revolving loan or a term loan. Working capital loans have the characteristics of short loan tenors, ease of drawdown procedures and low financing cost.
Syndicated/Club Loan
A syndicated/club loan is an effective financing method in which two or more banks jointly provide loans to one or more borrowers under the same loan conditions and jointly sign the same loan agreement and related documents. Syndicated/club loans are characterized by large financing amounts, long loan tenors, option to drawdown the loan in different currencies and cater to different loan purposes. In addition, the lending bank is not limited to the country where the borrower is located, and the regional banks can be invited to participate according to the needs of the borrower or the syndicate.

Corporate Deposits
China Merchants Bank Co., Ltd, Singapore Branch offers both Corporate Current Account and Time Deposits.
Corporate Current Account
Corporate current account is a type of deposit that allows customers to access their account readily. Deposits are not required to be placed for a fixed term and can be denominated in major currencies such as USD, SGD, and RMB.
Time Deposits
Time deposits is a type of deposit whereby the terms, tenor and interest rate are agreed upon by both the customer and the bank prior to the placement of the time deposit. Upon maturity of the time deposit, the principal amount and interest will be paid to the customer. Time deposits can be denominated in major currencies such as USD, SGD, and RMB. SGD time deposits require a minimum placement amount of SGD250,000.

Trade Finance
Letter of Credit
Letter of credit refers to the written guarantee document issued by the issuing bank at the request of the applicant (the buyer), in accordance with its instructions to the beneficiary. It indicates the payment amount and will pay in accordance when all the required documents have been received within a certain period of time. Letter of credit is the most important and most commonly used payment method in international trade.
Back-to-Back Letter of Credit
A back-to-back letter of credit means that the beneficiary of a letter of credit uses this letter of credit as a guarantee to require a bank to open a new letter of credit with the bank as the issuing bank and the beneficiary as the applicant. This is sometimes referred to as the transfer of the letter of credit and mainly used for trade activities between middlemen. The original letter of credit is known as the main letter of credit, while the back-to-back letter of credit is the second letter of credit.
Trust Receipts
Trust receipt is a type of trade finance product that the bank provides to the importer for financing purpose. Customers will be given a credit line with fixed financing period upon the bank’s assessment of their credit and risk-tolerance level.
Standby Letter of Credit
A standby letter of credit, also known as a secured letter of credit, is issued for the purpose of paying off the price of the commodity transaction and for the purpose of loan financing or to guarantee debt repayment.
A standby letter of credit provides evidence that the issuing bank assumes an obligation to the beneficiary. The issuing bank guarantees that when the applicant of the standby letter of credit fails to perform its obligations, the beneficiary can seek a claim to reimburse the payment amount, by issuing a draft of the provisions of the standby letter of credit and attaching the relevant supporting documents of the applicant’s failure to perform its obligation.
Import Invoice Financing
Import invoice financing is also known as import T/T billing. Under the T/T settlement method, after the importer receives the goods from the exporter, the importer has to submit relevant trade documents to the bank for proof of genuine underlying trade, and the import commercial documents/invoices will be used as collateral. The remitting bank will then provide an advance as a type of financing for the payment of the imported goods.
Export Bill Discounting
Export bill discounting is a type of trade finance product provided by the bank for the exporter. The bank will notify the exporter of the letter of credit which is issued by the issuing bank. When the exporter fulfills the requirements of the letter of credit and presents the bank with the relevant documents, it can be negotiated and the discounted value of the invoice can be advanced.