- Products & Services
- Trade Services and Remittances
- Export Documentary Collections
Export Documentary Collections
This is where the exporter collects payment from his overseas buyer (the importer) through the Bank. After the shipment of goods, the exporter entrusts the trade documents to the Bank, with specific instructions and terms for their release to the buyer.
The Bank sends the documents to the Buyer’s Bank overseas and requests for payment as per agreed term either by D/A (Documents against Acceptance) or D/P (Documents against Payment). Upon receipt of payment/the proceeds, fund will be credited to the Exporter’s account.