Outward Bill Collection (DA/DP)
Collect your payments efficiently
Outward Bill Collection (DA/DP)
Collect your payments efficiently
Facilitate the flow of payment and documents with our Outward Bill Collection. We can help you process the following documents on your behalf:
Documents against Acceptance (DA)
We will send your export documents to the buyer's bank. Once the buyer has accepted the bills of exchange/drafts and promised to pay on a later date, buyer’s bank will release the documents. We will credit the money to your account when the buyer (buyer’s bank) remits the payment to us
Documents against Payment (DP)
We will send your export documents to the buyer’s bank. Once the buyer has paid, buyer’s bank will release the documents. We’ll credit the money to your account when buyer’s bank remits the payment to us
Convenient collection
Submit and collect your documents at Trade Document Counters island-wide
Real-time notification
Subscribe to DBS IDEAL to be informed of status
Facility-free service
Apply for Outward Bill Collection without the need for a credit facility
Improve your cash flow
Shorten your cash collection cycle by asking DBS to discount accepetd bills
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