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Trade: Documents Against Acceptance
A mode of payment where the bill of exchange and documents are sent to the importer’s bank with instruction to release the documents to the importer/buyer only after the acceptance of the bill of exchange payable at a determinable future date.
 
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Features Benefits Contact Us  
 
Bank does not undertake to pay
No documents examination
No assurance as to quality and quantity of goods shipped
Eligible for financing via Trust Receipt arrangement, either in Peso or in US Dollar currency
Must be registered with the Bangko Sentral ng Pilipinas if foreign exchange payment is to be sourced from the banking system
 


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