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Collections


Collection (inkaso) is the handling of documents by the Bank in accordance with instructions received from a customer/correspondent for matters such as:

  • Obtaining payment or acceptances, or.
  • Submitting documents with regards to payment and/or acceptances, or.
  • Submitting documents with regards to other payment requirements.
  1. Clean Collection

  2. Clean collection is the collection of financial documents other than trade/commercial documents.

  3. Documentary Collection

  4. Documentary Collection is the collection of trade/commercial documents, with or without financial documents, including :

    • The collection of D/P (Documents against Payment), a bill over a document to obtain payment upon presentation.
    • Collection D/A (Documents against Acceptance) is a collection on a document to obtain acceptance during submission.

Inward collection is the collection on clearance documents that are received from a Remitting Bank overseas to be further finalized with drawees within the country to obtain a payment or acceptance.

Outward Collection is the collection on clearance documents to be sent to a Collecting Bank overseas to obtain a payment or acceptance.

Terms and Conditions :

  • To fill in and sign an application form.
  • Document/letter is presented personally by owner.
  • To endorse.
  • Not yet expired.
  • Intact/undamaged/without defect.
  • Has never been billed.
  • Currency is officially listed in Bank Indonesia.