DOCUMENTARY COLLECTION

As to export collection: it is a settlement instrument in which HDBank is considered as a collecting bank to receive money for customer from foreign importers after Customer complete accordingly their obligation to their importer relying on the export contract;
As to import collection: HDBank is considered as a collecting bank to receive fully documents from foreign exporter, then inform customer, and make payment to the foreign exporter as instructed.

Benefits:
o Simple procedures
o Offer free consultancy to decrease risks and expenses.
o Quick documents processing time
o Finance supported according to the financial program of aiding export – import.
o Safe, confidential.

Features:
o Customer type: domestic or foreign companies having consistent and legally demands of Documentary collection.
o Currencies: USD, EUR and others.

Document requirements:
o As to import collection:
- Foreign trade contract
- Export license, quotas( if any)
- Bill of exchange accepted to be paid by importers (if any)

o As to export collection:
- Foreign trade contract
- Documents on export collection
- Legal documents of enterprises (if any)
- Custom declaration (original copy)