In this payment method, although the banks do not guarantee the payment, a certain level of security is provided for the exporter as the documents required for the clearance of the goods through the customs are not submitted to the importer before the payment is made. After dispatching the goods, the exporter can
send the shipment document to the importer's bank through a bank in his/her own country, to be submitted to the buyer after the transfer of the payment.
In transactions of Cash Against Documents with Acceptance Loan, the documents can be submitted after the policy is accepted by the importer or the bank endorses the policy upon the exporter's request. The terms of the policies that will be issued are determined within the time frames specified in the legislation and based on the agreement between the importer and the exporter. The payment for the exported goods must be received within the specified time frames.