With the “import documentary collection”, Agribank helps business customers operating in international import business in the receiving, inspection, notification of documents according conditions attached and arranges payment for customers.
can make choices between the following methods of collection:
- Documents against payment, D/P
- Documents against acceptance,
- Documents on other terms and
transaction cost compared to Letter of Credit
for foreign currency for payment is fully facilitated
selectes foreign banks in receiving, processing and forwarding documents
quickly and safely
provides advice on foreign exchange markets and other services related to
collection under D/P: customers make full payment into bank account to receive
collection under D/A: import documents are released to customers against their
acceptance to pay (in writing) or acceptance of draft drawn by the exporter for
payment on maturity date
apply according to current Schedule of Fees and Charges of Agribank
uses automated accounting system.