Inward Bills for Collection-i (IBC-i) is the handling of inward documents (domestic and foreign) received from the remitting Bank and / or seller for presentation to buyer for payment at sight or acceptance of usance Bills of Exchange for payment at a future date.

Benefits
	Collection through banks
	Less expensive than Documentary Credit-i
	Buyer receives the shipping documents upon payment / acceptance / other terms

Eligibility
	Buyers (Domestic Purchases & Imports)

Cut-Off Time
	Monday to Thursday: 4:00 p.m.
	Friday: 3:15 p.m.
(For transactions involving RENTAS payment, the cut-off time is 11.30 a.m.)

Terms and Conditions Apply