Business introduction

The inward collection business refers to the method of settlement that our bank，to be entrusted by the exporter’s bank (remitting bank),  presents documents to the importer (payer) and ask him to pay against documents or to accept, and pays the amount received to the remitting bank.

Serving function

To provide the clients with import business services, after paying, accepting or going through procedures, the clients may get the receipts to take delivery of goods.

Business process

1.After getting goods ready for shipment, the foreign exporter shall submit the relating documents to his bank to go through the collection procedures.

2.The exporter’s bank shall send the documents for collection to our bank, which shall notify the importer to pay (D/P) or to accept (D/A) according to the instructions.

3.After the importer pays the exporter or accepts through our bank, our bank shall deliver the receipts to the importer.

4. After the due date of the acceptance under D/A, the importer shall pay the exporter through our bank.

Kindly reminder

1.Under documents against acceptance, you must go through the acceptance commission for usance draft according to regulations and pay in time at the due date of bill.

2.You can also apply for our bank’s trade financing businesses such as collection bill purchased and refinancing.