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)?
Documentary or clean draft collection: 0.125%, min USD 25 or equivalent
No, you do not need a credit facility to utilise this product.
Our trade operations officer will inform you by phone or fax when your documents have arrived.
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.
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™.
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