Hong Leong Islamic Bank - Inward/Outward Bill for Collection-i

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  • Inward/Outward Bill for Collection-i >
  • Inward/Outward Bill For Collection-i
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Inward/Outward Bill For Collection-i

  • trade services collections flexibility of purchasing usp en Efficient document handling & tracking
  • trade services collections Presented In Good Timing Upon Payment usp en Gateway to international and local trade settlement
  • trade services Status Updates on collection usp en Simple process and cost efficient
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Features & Benefits

General Features

 

An Outward Bill for Collection-i (OBC-i) is a trade service provided by the Bank (called the Remitting Bank) to send out customer’s sales/export shipping documents and collection instruction to the collecting bank in the buyer/importer’s country for presentation to the buyer (drawee) for payment.

An Inward Bill for Collection-i (IBC-i) is a trade service provided by the Bank, as a Collecting/Presenting Bank to handle and inform customer (buyer/drawee) incoming shipping documents from their supplier (drawer).

 

There are two types of Collections:

  • D/P (Documents against Payment)
  • D/A (Documents against Acceptance)

For Buyer

  • Simple and cheaper payment method in handling your Inward Bill for Collection-i (IBC-i).
  • Promptly receive information on receipt of shipping documents.
  • Get intermediary services to facilitate trade settlement on terms agreed between you and your supplier.
  • Payment is made only upon release/after acceptance of documents with greater flexibility.
  • Financing could be arranged at your request.

For Seller

  • The Outward Bill for Collection-i (OBC-i) product is simple and cost-effective in managing your collection
  • Promptly receive information on status of collection bills that are yet to be paid or accepted.
  • Control of goods retained until the Buyer makes payment/gives acceptance.
  • An accepted bill of exchange is legally binding to the drawee (Buyer) – a form of security to Seller.
  • Financing may be obtained against export/sale documents sent for collection.

Fees and Charges

Click Here to see Outward Bill for Collection-i Fees & Charges

Outward Bill for Collection-i Fees & Charges

Click Here to see Inward Bill for Collection-i Fees & Charges

Inward Bill for Collection-i Fees & Charges

PDS

Outward Bill for Collection-i - EN
Inward Bill for Collection-i - EN
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For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch.


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