Documents against acceptance

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Documents against acceptance
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Documents against acceptance (D/A) is a documents which is signed by the buyer and importer, in a situation where the bank releases the documents to the buyer or importer before accepting the bill of exchange guaranteeing payment at a later date. In documentary collection the Bank acts as custodian and makes endeavor to be ensured that payment was received even that is responsible only for the proper execution of the collection instructions and do not undertake to pay the seller themselves [1]. The collecting bank meets its obligations after approval of the project and provides documents for a drawee. Then it should inform the remitting Bank about the payment date and keep the project until that date. After that date they should transfer the proceeds to the transferring bank to debit the customer's account[2].

Documents against Acceptance are subject to the Uniform Rules od Collections, Brochure numer 332, revised in 1978, of International Chamber of Commerce in Paris[3].

See also: collecting bank

Drawee's non-payment

If drawee refuses realising payments on time, the collecting bank will be able to take further action in accordance with the collection schedule which are as following[4]:

  1. Advise non-payment
  2. Protest for non-payment if requested
  3. Contract the case of need if requested
  4. Store and insure the goods if requested

Process of the documents against acceptance

In the process four entities are involved: the seller, the buyer and remitting and the collecting Bank. The process consist of following stages[5]:

  1. First of all, the buyer gets the goods shipped by the seller
  2. Remitting Bank gets handed documents and collection instructions from the seller
  3. Collecting Bank receives instructions and documents sent by remitting Bank
  4. The instructions are intended to make the documents available to the buyer only with the consent of the buyer
  5. The buyer accepts the project and then receives the Bank's confirmation of the project acceptance date
  6. Collecting Bank sends shipping documents to the buyer
  7. Subject to the buyer's instructions and available funds at maturity, the collection bank charges the buyer after the collection bank sends the proceeds to the remitting Bank
  8. Finally, the seller receives the payment from remitting Bank


  1. Hinkelman G. E (2005)
  2. Luk W. K (2011)
  3. Hinkelman G. E (2005)
  4. Luk W. K (2011)
  5. Jones A. S (2018)


Author: Angelika Załęska