ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

Payment Terms DA ( Documents against Acceptance) and CAD ( Cash against Documents) through Bank are the same or different?

user-image
تم إضافة السؤال من قبل Shiraz Thayyal , Purchaser , Grand Marketing Trading & Contracting
تاريخ النشر: 2015/09/10
IMRAN ALI MOHAMMED
من قبل IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

No, they are not same the difference between DA and CAD is explained below :

 

D/A – (Documents against Acceptance)

 

The export documents and a time/usance bill of exchange are sent to a remitting bank. The documents are then sent to a collecting bank with instructions to release the documents against a buyer's acceptance of the bill of exchange

 

CAD (Cash Against Documents)

 

This process lacks the security and legal protection of a documentary collection since the exports documents are sent through a remitting bank to a collection bank without a bill of exchange. It is, however, still a collection through the banking system.

Duncan Kpan Lebrim
من قبل Duncan Kpan Lebrim , Senior Accounts Officer , Zoomlion Ghana Limited

The are different in the sense that payment terms documents could be a long term agreements or contracts whiles cash against documents through bank is more of liquidity in nature.

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟