Documentary Collection-i

TRD-DC Wakalah Trade Finance
Service rendered by the Bank to handle and deliver commercial documents as instructed by instructing party (Collecting Bank/Seller or Drawer). Based on Wakalah Bil Ujrah (agency with compensation).
Business entities engaged in trade.
Two collection types: Outward (for sellers/exporters) and Inward (for buyers/importers). Payment methods: Documents Against Payment (D/P) and Documents Against Acceptance (D/A - accepted Bill of Exchange or Letter of Undertaking).
PDS; trade docs (invoice, transport, bill of exchange).
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SITI
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