Import/Local Purchase and Export/Local Sale Collection HLB

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Collections

International/Domestic Services : Import/Local Purchase and Export/Local Sale Collection

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General Features

  • General Features
  • Features & Benefit – For Buyer
  • Features & Benefit – For Seller
  • Pricing
  • Find Us
  • Product Disclosure Sheet

An Outward Bill for Collection (OBC) 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 (IBC) 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 The Buyer

  • Simple and cheaper payment method in handling your Inward Bill for Collection (IBC).
  • 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.

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For The Seller

  • The Outward Bills for Collection (OBC) 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.

More details

Less details

IBC Commission at 0.10% on bill amount, subject to a maximum and minimum rate as prescribed by the bank.

OBC Commission at 0.10% on bill amount, subject to a maximum and minimum rate as prescribed by the bank.

Please refer here for details on trade fees and charges

Location and Contact Numbers of Trade Services Centres

Location and Contact Numbers of Trade Window

English

Product Disclosure Sheet - All Trade Products Available

Bahasa Malaysia

Product Disclosure Sheet - All Trade Products Available

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Please contact your Relationship Manager, Trade Sales Manager or call us at (603) 7661 7777


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