CASH AGAINST DOCUMENTS (CAD)

CAD Collection is a settlement instrument in which importers ask HDBank to open a margin deposit account from which HDBank deduct money to transfer to exporter’s account as soon as the exporter submit completely required documents (as to import CAD collection ) or HDBank will credit on exporter’s account as the importers make payment ( as to export CAD Collection).

Benefits:
o Low fee, shortening payment time due to simple and direct documents processing.
o Customer will be consulted before signing the foreign trade contract and also be supported according to the financial program of aiding export and import of HDBank.
o Keep customer’s transaction information confidentially

Features:
o Customer type : domestic or foreign companies having consistent and legally demands of import/export CAD
o Currencies: USD, EUR and others.
Document requirements:
o Transfer Application Form (HDBank’s form)
o Foreign Currencies purchasing Slip ( in case Customer has not enough foreign currency to pay)
o Documents of settlement