Outward Bill Collection (DA/DP) | DBS HK Corporate Banking

Outward Bill Collection (DA/DP)

Collect your payments efficiently

Outward Bill Collection (DA/DP)

Collect your payments efficiently

At a glance

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 buyers'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

Features & benefits

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 accepted bills

How it works

Fees

Refer to Trade Finance Service Fee Schedule

How to apply

Apply via DBS IDEAL or get in touch with us.

FAQs

	How long does it take to process the documents?
	If we receive the documents by 6pm on a working day, we can process them on the same day. If we receive the documents after 6pm, we will process them within the next working day.