Inward Bills For Collection Avalisation (IBC Avalisation)

For the Importer and Exporter

Under usance Documentary Collection, the buyer's bank is only responsible to deliver the inward documents to the buyer against the buyer's acceptance of the drafts. The buyer's bank does not guarantee payment of the above bill at maturity and the onus is on the buyer to make good on the payment. Under RHB Bank's IBC Avalisation, RHB Bank will guarantee payment upon maturity giving assurance to the seller.

• Allows the buyer to accept the seller's request for avalisation under Documentary Collection
• Payments are guaranteed by the buyer's bank giving additional comfort to the seller
• Seller obtains a payment guarantee without the need to comply with a Letter of Credit