RegAlertRule · BB · 13 Jul 2025
Application of Uniform Rules for Collections for Documentary Collection
Authorized Dealers in Bangladesh are advised to observe the latest version of the Uniform Rules for Collections (URC) published by the International Chamber of Commerce when executing admissible import or export transactions on a documentary collection basis. This guidance supplements existing requirements for Authorized Dealers to follow UCP 600 rules for Letters of Credit and allows for alternative payment methods such as cash in advance, documentary collection, and open account for permissible trade transactions.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 26 Date: July 13, 2025
Head offices/principal offices of all
Authorized Dealers in Bangladesh
Dear Sirs,
Application of 'Uniform Rules for Collections' for documentary collection Please refer to FE Circular No. 1, dated June 25, 2007 in terms of which Authorized Dealers (ADs) are required to follow the rules of UCP 600 for issuing Letters of Credit (LCs) against import trade. Similarly, ADs need to ensure that the terms of the LCs are in conformity with the rules of UCP 600 for exports from Bangladesh.
02. In line with Import Policy Order and Export Policy in force, the Guidelines for
Foreign Exchange Transactions-2018 and subsequent circulars allow ADs to utilize alternative payment methods (cash in advance, documentary collection, and open account) for permissible trade transactions, in addition to LC method.
03. While executing admissible import or export transactions under sales contracts on
documentary collection basis, ADs are advised to observe the latest version of the Uniform Rules for Collections (URC) published by the International Chamber of Commerce. Please inform the above contents to your relevant constituents. Yours faithfully, (Md. Harun-Ar-Rashid) Director (FEPD) Phone: 9530123
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from BB
We email you every new BB publication the day it's published.
Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.