Export Bill Collection (DP / DA)

Export Bill Collection (DP / DA)

Get the best trade services from experts, we act as a professional intermediary to collect payments and release your trade documents.

Features and Benefits

Two types of payment conditions:

  • Document against payment (D/P) :  Documents are released only if the buyer has done immediate payments as agreed between buyer and seller at Sight basis.
  • Document against acceptance (D/A) :  Documents are released when the buyer accepts the bills of exchange/draft.
Process
  • Exporter (seller) ships out goods and submits the trade documents and collection order application to CB Bank.
  •  CB Bank (Remitting Bank) dispatches the trade documents to the importer’s (buyer) bank together with its collection order.
  •  Buyer’s bank (Collecting Bank) notifies the buyer for payment or acceptance of the bill of exchange.
  •  CB Bank notifies the seller when payment is made from the buyer’s bank.
  • CB Bank credits the amount to seller’s account.
Rates and Fees (Subject to Changes)

Pre-arranged fees & charges