Product Overview
HSBC provides a comprehensive range of collection services under both Document Against Payment (D/P) and Documents Against Acceptance (D/A) terms. For Documentary Collections, the exporter, having shipped the goods, presents the necessary documents together with his instructions to HSBC. HSBC will then send these documents to the importer's bank for payment.
Benefits
- Simple and cost effective
- Protection to suppliers
- Fast processing time
- HSBC, the world's local bank, represents your interest
Product Features
- Delivery of shipping documents and trade proceeds are processed using bank channels and therefore provide security to both exporter and buyer
- Under D/P terms, import documents are released to importer upon payment
- Under D/A terms, documents are released to importer against their promise to pay (i.e. Acceptance)
