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Import Services
Inward Bill Collection (DA/DP)
Facilitate your trade activities with our documentary collection service
Save time and take delivery of your goods quickly and efficiently with our Inward Bill Collection services. We act as your agent, handling the processing of documents and payments to your sellers on your behalf. This is a common payment mechanism for buyers that enables you to focus on building your business.
Documents against Acceptance (DA)
For DA, DBS releases the import documents to the buyer upon his acceptance of the collection transaction to pay on a fixed maturity date.
Documents against Payment (DP)
For DP, DBS releases the import documents to the buyer once he’s paid.
Why choose DBS Inward Bill Collection(DA/DP)?
- Stay informed with AUTOFAX or IDEAL™ (our online banking platform) notifications that let you know when we receive documents
- Access our Inward bill collection services without the need for a credit facility
- Enjoy greater convenience as we offer one of the latest cut-off times. Documents received before 6pm are processed on the same day
FAQs
Do I need a credit facility for this product?
No, you do not need a credit facility to utilise this product.
How do I know the documents have arrived with DBS?
Our trade operations officer will inform you by phone or fax when your documents have arrived. However, if you are using IDEAL™, we will notify you through the system.
How long does it take DBS 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.
How do I instruct DBS to accept or reject the document?
We will send you a payment instruction letter by mail. Simply select “accept” or “do not accept” in the letter and return it to our trade operations team by hand (or by fax if you have signed up for fax indemnity). Alternatively, you can provide payment instructions through IDEAL™.
Where do I collect the documents?
Our trade operations officer will contact you to arrange your preferred collection point.
Get in Touch
DBS BusinessCare: 2290 8068