Documents Collection (Documents against Acceptance, Document against Payment)

Authorized Export Documents Collection is the authorization for the bank to collect payment from export enterprises with simple procedures and fast payment collection

  • Upon receiving customers' documents and request for documents collection, VPBank shall transfer the documents to the importer's bank and collect money for customers
  • Customers have options of the following methods of payment and documents delivery:
    • Documents against payment, D/P
    • Documents against acceptance, D/A
  • VPBank shall check collection documents and notify customers of discrepancies on the documents and recommend amendments (if any)
  • To support customers to keep track of documents ‘status
  • To consult customers to choose credible remitting bank, ultimately ensuring payment capacity