Secure and Cost-Effective Trade Settlements.
Facilitating the seamless exchange of shipping documents for payments, ensuring security for both the buyer and the seller.
The Bills on Collections method is one of the most popular payment mechanisms in international and domestic trade. At Bharat Bank, we act as your trusted agent to handle documents. We ensure that the title to the goods is released to the buyer as per your instructions Bank follow up to collect your payment through SWIFT mechanism
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1. Import Bills for Collection (Inward)
For businesses importing goods into India.
- Seamless Document Release: We receive shipping documents from your overseas supplierās bank and notify you immediately for payment or acceptance.
- Cost Efficiency: Benefit from lower transaction costs compared to Letter of Credit (LC) transactions.
- Exchange Rate Protection: Option to book Forward Contracts to protect your import payments from foreign exchange volatility.
- Compliance Support: Assistance in ensuring that your import payments comply with current FEMA and RBI guidelines.
2. Export Bills for Collection (Outward)
For Indian exporters looking to secure their receivables.
- Enhanced Control: Your documents are released to the overseas buyer only after they fulfil the payment or acceptance terms you specify.
- Expeditious Forwarding: We use our robust global network of correspondent banks to ensure your documents reach the buyerās bank safely and quickly.
- Payment Tracking: Our trade desk follows up on your behalf to ensure the timely realization of export proceeds.
- Trusted Intermediary: Bharat Bank acts as a professional bridge, ensuring that trade documents are handled strictly according to your instructions.
- Lower Transaction Costs: Ideal for established trade relationships where the high cost of an LC is not required.
- Faster Turnaround: Expeditious processing of documents through our dedicated Trade Finance Desks.
- Documentary Expertise: Our experts conduct a thorough check of documents to ensure they meet international standards URC (522).
|
Term |
Full Name |
How it Works |
|---|---|---|
|
D/P |
Documents against Payment |
Documents are released to the buyer only after full payment is made to the bank. |
|
D/A |
Documents against Acceptance |
Documents are released when the buyer accepts a bill of exchange to pay on a specific future date (Usance). |
1. Import Bills for Collection (Inward)
For businesses importing goods into India.
- Seamless Document Release: We receive shipping documents from your overseas supplierās bank and notify you immediately for payment or acceptance.
- Cost Efficiency: Benefit from lower transaction costs compared to Letter of Credit (LC) transactions.
- Exchange Rate Protection: Option to book Forward Contracts to protect your import payments from foreign exchange volatility.
- Compliance Support: Assistance in ensuring that your import payments comply with current FEMA and RBI guidelines.
2. Export Bills for Collection (Outward)
For Indian exporters looking to secure their receivables.
- Enhanced Control: Your documents are released to the overseas buyer only after they fulfil the payment or acceptance terms you specify.
- Expeditious Forwarding: We use our robust global network of correspondent banks to ensure your documents reach the buyerās bank safely and quickly.
- Payment Tracking: Our trade desk follows up on your behalf to ensure the timely realization of export proceeds.
- Trusted Intermediary: Bharat Bank acts as a professional bridge, ensuring that trade documents are handled strictly according to your instructions.
- Lower Transaction Costs: Ideal for established trade relationships where the high cost of an LC is not required.
- Faster Turnaround: Expeditious processing of documents through our dedicated Trade Finance Desks.
- Documentary Expertise: Our experts conduct a thorough check of documents to ensure they meet international standards URC (522).
|
Term |
Full Name |
How it Works |
|---|---|---|
|
D/P |
Documents against Payment |
Documents are released to the buyer only after full payment is made to the bank. |
|
D/A |
Documents against Acceptance |
Documents are released when the buyer accepts a bill of exchange to pay on a specific future date (Usance). |