Features and Benefits

• Exporters ensure that trade documents will not be given to the importer unless he pays or commits, accepting a draft.
• Al Rajhi Bank acts as the exporter’s representative using its structure, long years of extensive experience and efficiency to deal with commercial and financial documents.
• In deferred payment collections the exporter receives a legally executable document (draft or promissory note) covering the rights to collect.
• In sight payment collections, the exporter retains ownership of the merchandise until it is paid in full.

Transaction Mechanism

Al Rajhi Bank remits the documents representing the ownership of the merchandise and the collection instructions to Importer's Bank and the amount will be deposited to your account once received from the importer.