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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.
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.
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