| D/A (documents against acceptance) |
| This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer when he or she accepts a bill of exchange. The bank holds the bill of exchange until it ends (maturity) when they ask the buyer to pay the seller. See collections for a full explanation. |
| D/P (documents against payment) or CAD (cash against documents) |
| This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer (drawee) when payment is made. |
| Debtor Insurance/Export Credit Insurance |
| This is an insurance policy purchased by a seller to provide protection against non-payment by a buyer due to insolvency or political/economic turmoil in the buyers country. |
| Deferred Payment Credit |
| A Letter of Credit payable at a future determinable date in which a term Bill of Exchange is not required to evidence the maturity date. (see Acceptance Credit). |
| Discounting |
| The purchase of accepted term Bills of Exchange at a discount to allow for the funding of the advance from the discount date until the maturity date of the bills. |
| Discrepancy |
| Where documents presented by an Exporter under a Letter of Credit do not comply with the terms of the Letter of Credit or are inconsistent with other documents presented. |
| Dishonour |
| The refusal to pay or accept a Bill of Exchange. |
| Documentary Collection |
| See D/P and D/A. |
| Documentary credit (letter of credit) |
| See letters of credit for a full explanation |
| Documents of Title |
| Documents that confer the status of ownership upon the holder of the document e.g. the holder of a correctly endorsed bill of lading has effective ownership of the goods |
| Draft |
| This can refer to a bank cheque (as opposed to a customer cheque) or it can refer to a bill of exchange. |
| Drawee |
| The party to which a Bill of Exchange is addressed for payment or acceptance. Usually, the Importer in an international trade transaction. In a Letter of Credit transaction it may be the issuing or advising bank. |
| Drawer |
| The party that issues a Bill of Exchange. Usually, the Exporter in an international trade transaction. |
