Bills Purchased Against Documentary Collection

For the Exporter

The exporter does not need to wait for payment from the collecting bank under Documentary Collection. RHB Bank allows you to finance the same bills by purchasing bills drawn under Documentary Collection, and advance funds to you prior to receipt of funds from the collecting bank. The exporter will have added cash flow maneuverability when RHB Bank purchases the bills. After the advance, RHB Bank will forward the documents to the collecting bank for payment. This facility can also be used to purchase discrepant documents under Letter of Credit. RHB Bank can purchase domestic and foreign bills drawn under Documentary Collection.

Benefits

• Improves cash flow to fund working capital requirements
• Allows the exporter to pay their suppliers early and secure better pricing
• Allows the exporter to expand their business with the added funds