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Inward Bills for Collection (IBC)

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Inward Bills for Collection (IBC)
Inward Bills for Collection-i (IBC-i)
 
Definition

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

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.

 



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