outward bill collection

Outward Bill Collection (DA/DP)

Collect your payments efficiently

Outward Bill Collection (DA/DP)

Collect your payments efficiently

At a Glance
Facilitate the flow of payment and documents with our Outward Bill Collection. We can help you process the following documents on your behalf:
DBS SME Documents against Acceptance (DA) emblem

Documents against Acceptance (DA)

We will send your export documents to the buyers's bank. Once the buyer has accepted the bills of exchange/drafts and promised to pay on a later date, buyer’s bank will release the documents. We will credit the money to your account when the buyer (buyer’s bank) remits the payment to us

DBS SME Documents against Payment (DP) emblem

Documents against Payment (DP)

We will send your export documents to the buyer’s bank. Once the buyer has paid, buyer’s bank will release the documents.  We’ll credit the money to your account when buyer’s bank remits the payment to us

Features & Benefits

Convenient collection

Submit and collect your documents at Trade Document Counters island-wide

Real-time notification

Subscribe to DBS IDEAL to be informed of status

Facility-free service

Apply for Outward Bill Collection without the need for a credit facility

Improve your cash flow

Shorten your cash collection cycle by asking DBS to discount accepetd bills

How it Works

outward bill collection infogprahics

 

How to Apply

Get your documents processed on the same day. Submit your application form and trade documents to any of our Trade Documents Counters.

Download PDF
Application Form
FAQs
How do I complete the application form?

Please contact DBS Business Care at 1800 222 2200 (in Singapore) or +65 6222 2200 (outside Singapore) for help in completing the application form.

How long does it take to process the documents?

If your application is within banking facilities and documents are complete and in order, we can process them on the same day (if received at our MBFC or Toh Guan Trade Counters before 6pm).

How do I check the status of my documents?

You can track the status of your documents through DHL and monitor payments through IDEAL.

Do I need a credit facility to apply?

No, you can apply for this service without a credit facility.