Bill Collection Financing

BNI provides financing service through a Documentary Collection take-over :

A. Outward Bill Collection Financing (OBCF)

The benefits of using BNI OBCF are :

• Acceptable throughout the world through BNI's global correspondence network.
• Your documents will be checked by proficient and certified officers.
• Processing of financing application can be completed on the same day.
• Centralized document delivery through Export Bill Collection Services (EBCS), and collaboration with the world's leading courier services.
• Financing facilities with competitive interest rates.

Requirements :

• The Exporter must be a BNI customer.
• Submit a Bill Collection Financing application.
• Submit original export documents.
• Risk Assessment has been carried out on the transaction to be made.

B. Inward Bill Collection Financing (IBCF)

The benefits of using BNI IBCF are :

• Acceptable throughout the world through BNI's global correspondence network.
• Processing of financing application can be completed on the same day.
• Your documents will be checked by proficient and certified officers.
• Financing facilities with competitive interest rates.

Requirements :

• The Importer must be a BNI customer.
• Customer must provide Import Identification Number.
• Submit an Inward Bill Collection Financing application.
• Submit an appropriate transaction cover.

For more information about Bill Collection Financing Product.