Collection
IMPORT COLLECTION
Upon our receipt of documents for import collection, SAIGONBANK shall notify customers.
And in order to receive documents, customers should follow the procedures:
1. For D/P (Documents against payment):
Depositing (or purchasing or borrowing) full invoice amount in foreign currency;
Receiving full set of documents.
2. For D/A (Documents against acceptance):
Accepting to pay the draft upon maturity;
Receiving full set of documents;
Upon maturity, depositing (or purchasing or borrowing) full invoice amount in foreign currency.
EXPORT COLLECTION
Customers need to present:
Full set of documents.
Original copy of the collection order (SAIGONBANK form).
SAIGONBANK will:
Send full set of documents to foreign banks for collection.
Follow up and credit customers’ accounts at SAIGONBANK upon receipt of proceeds from foreign banks
CLEAN COLLECTION
Customers need to present:
Original draft;
Original collection order (SAIGONBANK form).
SAIGONBANK will:
Send draft to foreign banks for collection;
Follow up and credit customers’ accounts at SAIGONBANK upon receipt of proceeds from foreign banks.
Contact:
Should you need any further information or support, kindly contact:
Trade Finance Department: 84-28-39143183 (Ext: 140 or 133 or 245)
Or the nearest branch of SAIGONBANK
