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Bill collection means the performance by the Bank, at your request, of the following bill business:
- receipt of a payment or acceptance of a bill
- negotiation of a bill against a payment or acceptance
- negotiation of a bill on other terms.
Thus, the Bank may perform the required operations with the bills instead of you upon your request.
- Kreditprombank may also effect documentary collection, i.e. a collection of bills with the accompanying commercial instruments.
WHY KREDITPROMBANK?
- You may receive a payment under a bill in another region on a distant basis - Kreditprombank will receive such payment for you.
- Collection of bills with Kreditprombank will reduce risks and expenses in connection with presenting a bill for payment.
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Bill collection