Brief Description

It is a mode of payment wherein original documents are being sent by the seller directly to the importer whether payment will be made on a future date or immediate (sight).

Features

CTBC Bank ensures detailed checking of importers Open Account and Direct Remittance documents without delay and handles payment efficiently with our wide choice of correspondent banks.

Requirements

• Original documents (Invoice of lading or Airway bill)
• Remittance instruction
• Application to purchase FX
• Bangko ng Sentral ng Pilipinas (BSP) Registration for Open Account (OA) accounts

List of Acceptable IDs