dBE Process

dBE process

trace:original digital bills of exchange remains digital throughout the lifespan of the document. Follow the link below to see a detailed process for each stage of the bill of exchange process.

Issuance
Acceptance
Aval
Transfer
Payment
Non-payment

Issuance, acceptance and aval

  1. The drawer creates the dBE using the bank’s customer portal entry (self-service)
  2. The dBE is created as a digital PDF document by using the trace:original ‘digital printer’ with the bank
  3. The drawer e-signs the dBE
  4. The signed dBE is issued as a digital  original negotiable instrument and the drawer invites the drawee (and avalising bank if applicable) to e-sign the dBE
dBE-issuance-acceptance-aval

Transfer - endorsement

  1. 1.The drawer initiates a transfer/endorsement/assignment of the dBE in the bank’s customer portal (self-service).
  2. The drawer add a copy of or reference invoice and bill of lading (BL) as attachments to the dBE, and add a pre-agreed assignment text (if applicable).
  3. The drawer execute the transfer of the original dBE with attachments to the bank.
  4. The bank receives a digital invitation to accept the original dBE (with attachments) and thereby get possession over the negotiable instrument.
dbe-transfer-endorsement

Payment

  1. Upon payment of the dBE, The bank as the owner present the dBE to the drawee´s (aval) bank for payment. Presentation may be validated by the bank by providing prove of possession of the BE, or by drawee´s bank to evidence the possession and validity in the Notary Service.
  2. On drawee´s banks confirmation on payment, the bank execute the transfer the original dBE.
  3. The drawee´s bank receives an invitation to accept the original dBE and thereby takes possession over the negotiable instrument. Upon receipt of possession of the dBE, the drawee´s bank may invalidate the dBE.
  4. Accept of transfer of dBE and invalidation thereof
dbe-payment

Non-payment

  1. Notice of dishonour (formal Protest /apostille) must be given within a “reasonable time” or specific timeframe from time of dishonouring depending on jurisdiction.
  2. Present prove of possession of BE to Notary for formal protest if required .
  3. Present Protest/apostille for court procedure. Foreclosure / enforcement performed based on protest (apostille)
  4. Default management /NPL asset management
dbe-non-payment