The Ex-Im bank will help guarantee loans for commercial banks who buy the purchase export bills under Document against Acceptance ( D / A ) or Document against Payment ( D / P ) terms.
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Commercial banks were willing to buy D / A ( Document Against Acceptance ) from exporters as the Exim bank guarantees to pay 85 per cent of the bank credit if the foreign buyer fails to make payments.
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MR Pridiyathorn Devakula, Exim Bank president, said that the Exim Bank will guarantee two types of export contracts-- document against acceptance ( DA ) and document against payment ( DP ), which exporters can use to guarantee export credit with commercial banks.
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The documents, however, are only released to the buyer after payment has been made ( " Documents against Payment " ) or payment undertaking has been given-the buyer has accepted a bill of exchange issued by the seller and payable at a certain date in the future ( maturity date ) ( " Documents against Acceptance " ).
How to say document against acceptance in Hindi and what is the meaning of document against acceptance in Hindi? document against acceptance Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
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