Import Services

Inward Bill Collection (DA/DP)

Facilitate your trade activities with our documentary collection service

Save time and take delivery of your goods quickly and efficiently with our Inward Bill Collection services. We act as your agent, handling the processing of documents and payments to your sellers on your behalf. This is a common payment mechanism for buyers that enables you to focus on building your business.

 

Documents against Acceptance (DA)

For DA, DBS releases the import documents to the buyer upon his acceptance of the bills of exchange/draft. Buyer promises to pay on a fixed date.

 

Documents against Payment (DP)

For DP, DBS releases the import documents to the buyer once he has paid.

 

Why choose DBS Inward Bill Collection (DA/DP)?

  • Access our Inward bill collection services without the need for a credit facility
  • Submit forms any time before 3pm to ensure your documents are processed on the same day

 

Pricing

 Documentary or clean draft collection: 0.125%, min USD 25 or equivalent

FAQs

Do I need a credit facility for this product?

No, you do not need a credit facility to utilise this product.

How do I know the documents have arrived with DBS?

Our trade operations officer will inform you by phone or fax when your documents have arrived.

How long does it take DBS to process the documents?

If we receive the documents by 3pm we can process them on the same working day. If we receive the documents after 3pm, we will process them within one working day.

How do I instruct DBS to accept or reject the document?

We will send you a payment instruction letter by fax. Simply select "accept" or "do not accept" in the letter and return it to our trade operations team by hand (or fax if you have signed for fax indemnity). Alternatively, you can provide payment instructions through IDEAL™.

Where do I collect the documents?

You may collect them from one of our Branches. Our trade operations officer will contact you to arrange your preferred collection point.

Awards

Awards we have won recently

Best Structured Trade Finance Solution, China

Best Structured Trade Finance Solution, China

2015
China Domestic Trade Finance Bank of the Year

China Domestic Trade Finance Bank of the Year

2015
Best Bank for Trade Finance

Best Bank for Trade Finance

2014
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Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881