Bills for Collection

Definition

We provide you with our services related to bills for collection, where we are keen to send documents for collection in accordance with the instructions received for the purpose of obtaining payment (the value of the documents), or the delivery of documents against acceptance (a bill of exchange due on a specific date), or the delivery of documents on other terms (such as: Free of payment).

Conditions

Subject to the terms and conditions of the bank and the general conditions governing the operation of bills for collection.

Advantages

• The Bank deals with all types of bills for collection, whether they are by sight, deferred payment or mixed.
• The bank meets competitive rates for dealing with the bills for collection.
• The bank finances the payment of the bills for collection, whether they are deferred or perusal according to the required conditions.
• Bills of collection requests are approved, consolidated, and executed within a few days.
• Flexibility of use of various commercial commodities according to the policies and procedures adopted by the Bank in particular.
• Simple working procedures for bills for collection.

Required Document

• The bank statement of the customer for the last year.
• Financial statements for the last two years at least.
• A recent and valid registration certificate.
• Other documents required according to the type of company.
• A recent and valid profession and trade license.

* Subject to the Bank’s terms and conditions.