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Corporates
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  1. Corporates
  2. Financing
  3. Trade and export finance
  4. Documentary letter of credit and collection
  5. Documentary collection

DOCUMENTARY COLLECTION

Unified international rules for collection operations
The buyer is not entitled to dispose of the goods before the payment or acceptance of a bill of exchange
Securing the collection is easier than with a letter of credit
Usually lower fees than with a letter of credit

PRODUCT INFORMATION

Documentary collection is a type of documentary payment where documents related to the delivery of goods are only handed over once the buyer pays or accepts a bill of exchange or on other conditions.

Bank fees can be variably divided between business partners

Documentary collection is suggested if the seller does not know the buyer or is not sure the buyer will meet its payment obligations.