Fudian Bank

Documentary collection

Product descriptions

The Bank is entrusted by the exporter to collect payments from the importer though foreign collecting banks based on the export commercial documents and financial bills submitted by the exporter.

Product functions

The product is used to meet the needs of international trade settlement. Compared with the method of remittance, it has a certain guarantee of payment, and which can be divided into two methods: Document against Payment (D/P) and Document against Acceptance (D/A).

Product features

1. Low cost. Bank fees are relatively low, which helps companies save financial expenses and control costs.

2. Simple and easy. Compared with the L/C, the procedure is simple and easy to operate.

3. Less risky. The importer can only get the documents to collect the goods after he has made the acceptance or payment at the collecting bank. Compared with the Open Account (O/A), the exporter bears less risk.

Applicable customers

1. The exporter knows the credit status of the importer, and has sufficient funds for stocking and shipping;

2. When in a seller’s market, the exporter is advised to choose the Document against Payment (D/P); when in a buyer’s market and the importer requires financing convenience, the exporter may consider choosing the Document against Acceptance (D/A).

Application conditions

1. The applicant has been approved and registered in accordance with the law, and has an annually verified legal person business license or other valid documents which can prove its business legitimacy and business scope;

2. The applicant has import-export operation rights.


1. When you apply to the bank for export collection, you should submit: a filled in and signed collection order and a full set of documents for documentary collection;

2. If it is the first time to handle the collection commission business, you should also submit: the original industrial and commercial business license (duplicate), the business license for import and export business, and the authorization letter of the legal representative.

Business flow

1. After the exporter prepares and ship the goods, he submits the relevant documents to the Bank for collection.

2. The Bank will send the collection receipt to the foreign collecting bank for reimbursement.

3. The foreign collecting bank will notify the importer after receiving the documents.

4. When the importer pays to the Bank on the maturity date or accepts to the Bank and pays on the maturity date though the collecting bank, the Bank will pay to the exporter or notify the acceptance and pay to the exporter upon the receipt of the payment.


1. When the importer refuses to make the payment or acceptance, you’d better authorize the collecting bank in time to help arrange the goods;

2. Under the D/A, you actually extend the time for the importer to pay. It is recommended that you take interest and related costs into consideration when setting the price.