Documents against Acceptance (D/A)
Information
Company
National Investment Bank Ltd
Category
Banking - Corporates
Sub Category
Other Corporate Banking Services
Description
In case of D/A the drawee (buyer/importer) does not have to pay at sight but to accept an issuance draft (Bill of Exchange) drawn on him/her by the seller. The seller can require that, the accepted draft to be returned to him/her or kept in safe custody with the collecting bank until maturity date. At maturity date, the buyer is required to honour the bill of exchange by payment.
Location Information
Location
Accra Central
Region
Greater Accra
Street Address
37 Kwame Nkrumah Avenue
Contact Information
Company Name
National Investment Bank Ltd
Phone Number
0302661701
Website