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Bill Collection


Bill Collection Financing is a financing product that performed by BNI to the Principal (Drawer) through a takeover Documentary Collection by prior negotiation or discount Collection Proceeds received in connection with the implementation of Outward Documentary Collection is done through the BNI as the Remitting Bank.

Benefit

A benefit for the Customer is a Customer receives payment for the implementation of Outward Documentary Collection is via BNI prior to maturity.

Requirements

  1. Principal (Drawer) is a Customer who has obtained a credit facility (the Debtor) to ensure the collection if the proceeds are not received.
  2. Documentary Collection performed as follows :
    • Remitting Bank BNI
    • Collection / Presenting Bank
    • Correspondent Bank
    • Tenor Docs Collection
    • D / P Basis / D / A Base