Inward Bills For Collection (IBC)

Inward Bills For Collection (IBC)

We act as an agent which handles collection of documents (non-LC) against payment (DP) or acceptance (DA) received from your suppliers. We act as the intermediary to facilitate your trade settlement on terms agreed with your supplier.


  • Collections can be in two forms i.e. Documents against Payment (D/P) or Documents against Acceptance (D/A)
  • Seller will draw a Bill of Exchange on the buyer
  • Buyer is required to pay (sight bill) or accept document to pay on maturity (usance bill)
  • An accepted Bill of Exchange is a promise of payment by buyer at maturity



  • Easy to use, term of payment is simpler and cheaper than LC
  • Your documents arrival will be notified to you within the same day for you to make arrangement for payment or acceptance as to enable you to arrange for immediate clearance of your goods
  • Does not require credit facility
  • Under D/A method, upon acceptance, allows buyer to take possession of goods and makes payment on maturity


  • Malaysian buyers (Domestic Purchases & Imports)


  • You are required to make payment or accept the Bill of Exchange before the documents are released by the Bank
  • Having maintain current account with us

How to Apply

  Leave us your contact details so that we may reach out to you

Click here

  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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