Arrangement under documentary collection in which an exporter instructs the presenting bank to hand over shipping and title documents (see document of title) to the importer only if the importer fully pays the accompanying bill of exchange or draft.
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DP = payment against receipt of document
decimal place
It depends how many decimal places or significant figures you are rounding to.Here's the general method for if you're rounding to 2 dp (decimal places);Look at the number in the 3rd dp spot. Is it 5 or above?If no, write the number with only 2 dp ignoring the 3rd dp number completely. If yes, you'll need to increase the number in the 2nd decimal place spot by 1, unless ...The 2nd dp number is a 9 (as it is in the above question). In that case you need to increase the 1st dp number by 1 and make the 9 a zero. Unless ...The 1st dp number is a 9 ..... etc. etc.So for our example;Rounding to;2 dp = 8.201 dp = 8.20 dp = 8
209.9