1. Bills and Collections
  2. Introduction

1 Introduction

A bill, as an instrument of international trade, is the most commonly used method for a seller to be paid through banking channels. Besides credit risk considerations, bills are the customary business practice for trade and a particularly important fee earning service for any bank.

The Bills and Collections (BC) module supports the processing of all types of bills, both domestic and international. It handles the necessary activities during the entire life-cycle of a bill once it is booked.

The Bills and Collections module supports the processing of all types of international and domestic bills like:
  • Incoming Bills under LCs
  • Incoming Bills not under LCs
  • Outgoing Bills under LCs
  • Outgoing Bills not under LCs
  • Incoming Collections
The Bills and Collections module supports the processing of all types of international and domestic bills like:
  • Incoming Collections
  • Outgoing Collections
  • Usance or Sight Bills
  • Documentary or Clean Bills
  • Bills with multiple tenors
  • Incoming Bill under Transferred LC