Export Documentary Collection
Secure your payment from your buyer (s) even when you are dealing with a trusted party.
An Export Documentary Collection allows you to maintain control over the delivery of your goods until you receive payment from your buyer.
Benefits:Export Documentary Collections offer exporters an alternative payment method to Letters of Credit. It is simpler and less expensive.
How does it work?Unlike the Letter of Credit, the exporter's bank only acts as the agent collecting and sending the documents related to the shipment.
The overseas bank hands over the documents to the buyer upon payment or acceptance for payment at a future date, in accordance with the exporter's instructions.