Documentary Collection is a trade finance service whereby banks act as intermediaries to facilitate documentation for international payments through the handling of shipping and commercial documents. Goods are released to the buyer only after payment is made (D/P) or a bill of exchange is accepted (D/A), offering a secure and cost-effective solution for both exporters and importers.

This service is governed by internationally recognized rules under URC 522.

Import Bill Collection (D/P or D/A)

The Import Bill Collection enables importers to obtain shipping documents through the bank based on mutually agreed payment terms with the exporter.

• Documents against Payment (D/P):
  Shipping documents are released to the importer only after full payment is made at sight.
• Documents against Acceptance (D/A):
  Shipping documents are released once the importer accepts a time draft (usance bill of exchange), with payment due at a specified future date.
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Export Bill Collection (D/P or D/A)

Export Bill Collection assists exporters in collecting payment from overseas buyers while maintaining control over shipping documents.

• Documents against Payment (D/P):
  Documents are released to the buyer only upon immediate payment, as agreed between the exporter and importer.
• Documents against Acceptance (D/A):
  Documents are released once the buyer accepts the draft, with payment to be made at maturity

Benefits

• Provides a secure and reliable payment process through bank-handled trade documents
• Enables exporters to retain control over goods until payment is made or accepted
• Reduces payment and delivery risks for both buyers and sellers
• Supports flexible payment terms through D/P and D/A arrangements

Product Features

• Available for both import and export transactions (inward and outward)
• Governed by internationally recognized rules (URC 522)
• Secure handling and presentation of shipping and commercial documents
• Simple and straightforward processing

Eligibility & Conditions

• Available to eligible corporate and individual customers with an active bank account
• Applicable for both import and export transactions
• Transactions are handled in accordance with URC 522
• Release of documents is subject to payment or acceptance by the buyer, as agreed
• All services are subject to the Bank’s prevailing terms, conditions, and applicable regulations