Features and Benefits

• Al Rajhi Bank’s Client (importer) will ensure that the documents are as per his requirements before payments are made to the exporter or before committing for the payment.
• Al Rajhi Bank acts as the representative of the importer using the bank’s structure, long years of extensive experience and efficiency to deal with commercial and financial documents.
• In deferred payment collections, the importer (Al Rajhi Bank’s client) has the legal obligation to pay if he has accepted a draft or promissory note.
• In sight payment collections, the documents will be handled to client (importer) after settling his obligations toward beneficiary.

Transaction Mechanism

Al Rajhi Bank remits the documents representing the ownership of the merchandise and the collection instructions to its clients (importer) upon payment or acceptance of a draft or promissory note