About the product
The Bank accepts the entrustment of the agent bank, collects the import money from the importer according to the instructions of the agent bank, and delivers the relevant commercial documents to the importer.
Product features
According to the method of document presentation, it can be divided into D/P and D/A.
1. Lost cost. Compared with L/C, the cost is lower, which helps save financial expenses and control costs.
2. Simple and easy-to-operate. Compared with L/C, its procedure is simple and easy to operate.
3. Less capital. Exporters do not have to pay for goods in advance or occupy funds during the preparation and shipment stages. After paying for goods or making acceptance, they can immediately obtain the goods documents and dispose of the goods.
4. Improve cash flow. Under D/A, the importer can obtain the goods documents and dispose of the goods after acceptance, and then make payment after the goods are sold and there is an inflow of cash. Since the capital occupation is almost zero, the financial status and debt paying ability are effectively improved.
Application
Importers who wish to make payment to exporters in a simpler and lower-cost way than L/C. If the importer's working capital is sufficient, D/P can be adopted. If the importer's working capital is insufficient, the exporter is required to provide financing convenience for long-term payment, and the importer has a good cooperative relationship with the exporter, D/A can be adopted.
Rate
1‰ of the import collection amount, minimum 200 yuan, maximum 2000 yuan, and plus the post and telecommunications fees that are collected according to the actual conditions.
Handling process
1. After shipping the goods, the exporter submits the relevant documents to the local bank for collection.
2. The bank where the exporter is located sends the collection documents to the Bank, and the Bank informs the importer of payment (D/P) or acceptance (D/A) according to the instructions.
3. After the importer pays or accepts the exporter through the Bank, the Bank delivers the documents to the importer.
4. After the acceptance under D/A expires, the importer pays the exporter through the Bank.
