Export collection

02/07/2018 11:26 AM
Documentary collection is a payment method in which the exporter authorizes the bank to collect money from the importer based on the shipping documents with the condition that the bank will hand over documents to the importer to receive goods only when the importer pays or accepts to pay the Bill of exchange at maturity.
Vietcombank receives documents from customer, then checks and sends them to foreign bank for collection.

Types of collection
  • D/P (Documents against Payment): The bank will hand over the documents to the importer only when the importer makes payment. 
  • D/A (Documents against Acceptance): The bank will hand over the documents to the importer only when the importer accepts to pay the Bill of exchange at maturity.

Benefits:
  • Sending of documents and dealing with collecting bank are done efficiently through Vietcombank’s worldwide network; 
  • Fast collection of your export revenues with most reasonable fee.

Vietcombank advances at customer's request when the documents are presented under D/P or D/A not exceeding 360 days and repayment is expected to come from foreign bank. In case the foreign bank does not effect payment at due date, customer will pay Vietcombank the advanced amount.


Benefits:
  • Have high percentages from Vietcombank, up to 90% of document value;
  • Flexible discount tenor in accordance with customers’ capital requirement;
  • Simple and convenient procedures;
  • Discount currency may be VND or foreign currencies in compliance with Laws and Regulations.

Vietcombank advances with recourse at your request when the documents are presented under D/P or D/A not exceeding 360 days within 60 minutes of valid request.


Benefits:
  • Negotiation processed within 60 minutes of valid request received by Vietcombank;
  • Percentage is up to 100% of document value.



Export collection
International Payments - Trade Finance
Tariff for Documentary collection
Overseas Remittance Tariff