We handle the documents for your international trades, to give you more confidence in your transactions.
Documentary collections offer exporters a fast and efficient way to collect trade payments, and importers an equally effective means of settling trade debts. They can be used to make payments of any size, and in any approved freely-traded currency.
Smoother export and import transactions
Payment agreements are made in advance, based on the shipping documents for a trade, so the entire transaction runs more easily.
Managing payment arrangements
Documentary collections are a way of agreeing payment schedules between exporters and importers. The buyer either pays or firmly agrees to pay once the paperwork is received allowing them to collect goods from the shipping company.
Terms agreed in advance
Buyers and sellers agree either sight or term payments in advance. Sight payments are made when the shipping documents are received. Term payments are a firm, written agreement to pay within a set amount of time. These options allow both parties to plan ahead.
Because all documentation passes through both the buyer’s and seller’s banks, both parties can have confidence that the deal will proceed as planned.
Guaranteed document control
A collection schedule acts as a checklist for the documents, allowing access to traded goods and specifying the conditions for their release. That means everyone knows where they stand at every stage of the transaction.
- Relatively inexpensive
- Enhancing trading confidence, reducing risk of fraud
- Speeding up cash flows
- Universally accepted
Talk to us about your trade finance needs on