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.
A benefit for the Customer is a Customer receives payment for the implementation of Outward Documentary Collection is via BNI prior to maturity.
- Principal (Drawer) is a Customer who has obtained a credit facility (the Debtor) to ensure the collection if the proceeds are not received.
- Documentary Collection performed as follows :
- Remitting Bank BNI
- Collection / Presenting Bank
- Correspondent Bank
- Tenor Docs Collection
- D / P Basis / D / A Base