Product description
Our bank is entrusted by a foreign agent bank or affiliate bank to collect import payment from the importer in accordance with the instructions of the agent bank or affiliate bank and deliver the relevant commercial documents to the importer。
Product classification
Import collection can be divided into documents against payment (D/P) and documents against acceptance (D/A) two ways。
Product characteristics
1.Low cost - low bank fees, help you save financial costs, control costs;
2.Simple and easy - compared with letter of credit, the procedure is simple and easy to operate;
3.Less capital occupied - in the exporter's preparation and shipment stage do not have to pay in advance, occupy funds, payment or acceptance can immediately obtain the goods documents and dispose of the goods;
4.Improve cash flow - Under the acceptance item, the importer can obtain the goods documents and dispose of the goods after acceptance, and make the payment only after the goods are sold and cash flows in. The capital occupation is close to zero, and the financial status and solvency are effectively improved。
Applicable customer
1.The importer wishes to make payment to the exporter by a simpler and lower cost method than L/C。
2.Documents against Payment (D/P) can be adopted if the importer has sufficient liquidity。
3.If the importer has insufficient liquidity, needs the exporter to provide financing facilities for long-term payment, and has A good cooperative relationship with the exporter, it can use the D/A method。
Application conditions
1.Approved and registered according to law, with the annual inspection of the legal person's business license or other valid documents to prove the legality and scope of its business;
2.Have the right to import and export。
Submit materials
The following items should be submitted to the bank: payment voucher, trade import payment verification slip。
Business process
Our bank is entrusted by a foreign agent bank or affiliate bank to collect import payment from the importer in accordance with the instructions of the agent bank or affiliate bank and deliver the relevant commercial documents to the importer。
Product classification
Import collection can be divided into documents against payment (D/P) and documents against acceptance (D/A) two ways。
Product characteristics
1.Low cost - low bank fees, help you save financial costs, control costs;
2.Simple and easy - compared with letter of credit, the procedure is simple and easy to operate;
3.Less capital occupied - in the exporter's preparation and shipment stage do not have to pay in advance, occupy funds, payment or acceptance can immediately obtain the goods documents and dispose of the goods;
4.Improve cash flow - Under the acceptance item, the importer can obtain the goods documents and dispose of the goods after acceptance, and make the payment only after the goods are sold and cash flows in. The capital occupation is close to zero, and the financial status and solvency are effectively improved。
Applicable customer
1.The importer wishes to make payment to the exporter by a simpler and lower cost method than L/C。
2.Documents against Payment (D/P) can be adopted if the importer has sufficient liquidity。
3.If the importer has insufficient liquidity, needs the exporter to provide financing facilities for long-term payment, and has A good cooperative relationship with the exporter, it can use the D/A method。
Application conditions
1.Approved and registered according to law, with the annual inspection of the legal person's business license or other valid documents to prove the legality and scope of its business;
2.Have the right to import and export。
Submit materials
The following items should be submitted to the bank: payment voucher, trade import payment verification slip。
Business process
1.After preparing the goods for shipment, the foreign exporter shall submit the relevant documents to the bank for collection。
2.The exporter's bank will send the collection documents to us, and we will inform the importer of payment (D/P) or acceptance (D/A) as instructed.。
3.We shall deliver the documents to the importer after payment or acceptance through our bank。
4.The importer shall make payment to the exporter through our bank after the acceptance under D/A is due。
Warm reminder
1.Under D/A, you are required to accept the usance bill as required and pay promptly on the due date of the bill。
2.You can also apply to our bank for trade financing such as import collection bills, overseas payment。