Outward Bill Collection (DA/DP)

Facilitate the flow of payment with our Outward Bill Collection. DBS acts as a professional agent to collect payments from the buyer on your behalf. Your transport documents are only released to the buyer once we’ve received either payment or an accepted bill of exchange/draft promising payment at a later date.

Documents against Acceptance (DA)

With DA, once the buyer has accepted the collection transaction and promised to pay on a fixed maturity date. Your export documents will be released to him by his bank.

Documents against Payment (DP)

With DP, once the buyer has paid, his bank will release your export documents to him.

Why choose DBS Outward Bill Collection (DA/DP)?

• Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asia Banker in 2012. We also received this accolade from Global Finance in 2012, for the 8^th consecutive year
• Enjoy the convenience of collection at one of our Trade collection branches or Enterprise Banking Centres
• Access our Outward Bill Collection Services without the need for a credit facility
• Convert assets to cash immediately, shorten your cash collection cycle and improve your cash flow by asking DBS to provide financing
• Submit application forms and trade documents any time before 6pm to ensure your documents are processed on the same day. We offer one of the latest cut off times in Hong Kong for your convenience

Pricing

Handling charges of 1/8%, minimum HKD 350

How do I apply?

Simply submit your application form and trade documents at one of our Trade Collection branches or Enterprise Banking Centres. Alternatively, you can apply via IDEAL™.