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Divisions - Business Units

Electronic Banking

Box 195
Tel: +264 61 299 2187
Fax: +264 61 299 7139

Home Loans

Box 2150
Tel: +264 61 299 2524
Fax: +264 61 299 2526

WesBank (Windhoek)

Box 2941
Tel: +264 61 299 2437
Fax: +264 61 299 2500

WesBank (Walvis Bay)

Box 1
Tel: +264 64 201 8222
Fax: +264 64 20 9621

Service Centres

ATM Service Centre

Box 5065
Tel: +264 61 299 2613
Fax: +264 61 299 2657

Bond and Loan Centre

Box 2150
Tel: +264 61 299 7037
Fax: +264 61 299 7034/2510

Cash Service Centre

Box 5065
Tel: +264 61 299 2713
Fax: +264 61 299 2715

First Card

Box 285
Tel: +264 61 299 7199/7087
Fax: +264 61 299 7188

International Business Centre

Private Bag 13239
Tel: +264 61 299 2040
Fax: +264 61 299 2125

Micro Loans Centre

Box 285
Tel: +264 61 299 2056
Fax: +264 61 299 2061

Exclusive Banking Suite

Box 285
Tel: +264 61 299 2126
Fax: +264 61 299 2302

Windhoek Corporate

Box 285
Tel: +264 61 299 2067
Fax: +264 61 299 2079

WHK Comm Suite

Box 285
Tel: +264 61 299 2603
Fax: +264 61 299 2052

Consumer Credit Hub

Box 285
Tel: +264 61 299 2831
Fax: +264 61 299 2207

Will the receipt of a documentary bill for collection impact on my banking facilities?

No. The banks involved in the collection process do not make any guarantee for payment, and, therefore, there is no requirement to mark the collection against your banking facility. If your bank is requested to 'avalise' the bill of exchange, then the amount of the bill will be marked against your facility.

How do I ascertain whether a documentary collection is the correct payment method to utilise for my import?

Usually, the payment method is agreed upon with the seller at the time of negotiation of the sales contract. The seller will request payment via a documentary collection.

What is the Uniform Rules for Collections?

It is hard to imagine dealing with collections without the security of international uniformity. The International Chamber of Commerce (ICC) is an international body that has defined worldwide standards for the operation of documentary collections.

These standards are embodied in the 'Uniform Rules for Collections', commonly referred to as the URC 522. The URC 522 is not a force of law, but a set of rules and regulations that are binding on the parties who subscribe to it.

Documentary collections

Foreign bills for collection

A Documentary Collection is the collection, through a bank, of monies owed by a buyer, against delivery of certain documents.

Why you need this

Business peace of mind

Making use of Documentary Collections will ensure your peace of mind.

As an exporter you retain ownership of goods until either payment or acceptance is

  • Accepted bills can be used to obtain financing
  • The handling of export collections is governed by the ICC Uniform Rules for Collections
  • The bank acts for the exporter, by presenting commercial documents to the buyer (importer) along with a payment demand or bill of exchange
  • Settlement is normally faster than using the Open Account method
  • Documents against acceptance (D/A) - documents are released to the buyer against acceptance to pay at a future date
  • Documents against payment (D/P) - documents are released to the buyer against payment
  • Unless the buyer pays or commits to pay at a future date, no documents will be handed over

How it works

Convenience at your hands

Take a look at how simply and conveniently Documentation Collection works

Shipping of goods

The seller ships the goods to the buyer

Document handover

The seller hands the documents to his/her bank (the Remitting Bank) with instructions to release the documents against acceptance/ payment of a bill of exchange

Forwarding of documents

The Remitting Bank forwards the documents to the Collecting / Presenting Bank in the Buyer's country.

Release of documents

The Collecting Bank releases documents to the Buyer as per instructions received from the Remitting Bank

Getting it made easy

Documentary collections

How to get it

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Other ways to apply

Contact us

Contact RMB Namibia Trade