Trade Finance
Document Collection
Document Collection (Import & Export)
Document Collection is a payment method in which the Seller uses a Bank as his Agent to collect payment from the Buyer. Generally recommended in situations where there is an established and ongoing trade relationship with a trusted Buyer.
Benefits
No payment risk
Faster and more convenient
Low cost
Better cash flow
Requirements
Engage Invoice/Pro-Forma Invoice with Buyer
Account with PPCBank
Fees
| Documentary Collection (Import) | Suggested Rate | Comments |
|---|---|---|
| Inward Collection Handling Fee | 0.125%, min. $50 | +Cable charge $15 +Outward rem. charge |
| Release Documents Free of Payment | $50 flat rate | +Cable charge $20 |
| Documentary Collection (Export) | Suggested Rate | Comments |
| Outward Collection | 0.125%min., $50 | +DHL courier charge |
| Release Documents Free of Payment | $50 flat rate | +DHL courier charge |