Our Products and Services 

 


 
Documentary & Financial Collections
We also handle financial* and commercial** documents received from customers or correspondents.

Product Features & Charges
Outward Bills

Commercial or financial documents addressed to named buyer or drawee and presented by the client at CAB counters for collection of payment.
 
  •  
    		•  Handling Commission 0.15% or Min USD 30
  •  
    		•  Advance Subject to loan arrangement
  •  
    		•  Discounting of Draft Subject to loan arrangement
  •  
    		•  Courier USD 30 within 0.5 Kg
  •  
    		•  Telex, if any USD 20
     
    Inward Bills
    Commercial or financial documents received by CAB from another bank, correspondent or seller for advising and transmission to the buyer, subsequent collection and remittance of proceeds.
     
    Advising Commission USD 20
    Reimbursement Commission 0.15 or Min USD 30
    Telex USD 30
     

    e.g., Bill of Exchange, Promissory Note, Signed Cheque, Payment Receipts

    *e.g., Invoice, Transport documents bill of lading, airway bill), insurance policy, certificate of origin, packing or weight list, etc.
     
    Benefits
  •  
    		•  Lower bank charges
  •  
    		•
    Seller has more control over the goods since release of documents can only be against payment or acceptance of the draft.
  •  
    		•
    Buyer may opt to pay only upon arrival or shipment, or at due date of the drafting case of documents drawn on acceptance).
     

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