Enterprise Customers
Import documentary collection
(Updated at 16:53, 14/7/2010)
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.

Main features

 

-          Customers can make choices between the following methods of collection:

  • Documents against payment, D/P
  • Documents against acceptance, D/A
  • Documents on other terms and conditions, D/OT

 

Benefits

 

-          Lower transaction cost compared to Letter of Credit

-          Demand for foreign currency for payment is fully facilitated

-          Agribank selectes foreign banks in receiving, processing and forwarding documents quickly and safely

-          Agribank provides advice on foreign exchange markets and other services related to imported goods.

 

How it works

 

-          For collection under D/P: customers make full payment into bank account to receive import documents

-          For 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
 

Fees

 

-          Fees apply according to current Schedule of Fees and Charges of Agribank

 

Delivery channels

 

-          Agribank branches/transaction offices.

 

Technology applied

 

-          Agribank uses automated accounting system.

Online Banking

ATM/POS locations

Forms, Fees and Interest rates
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Registration form

Applied at Operations Centre of Agribank

Exchange Rate
Updated at
Applied at Agribank Operations Centre

Agribank Contact Center
1900558818