Choose secure settlements with clearly defined terms.
Service Overview
Documentary collection is used as a form of settlement for international trade partners that have been working well together for a long time. The importer's bank collects a payment in order to pay against the financial documents and/or documents accompanying goods that have been provided by the exporter's bank. Documentary collection does not GUARANTEE payment to the supplier.
Execution Process
Make a payment to a foreign supplier only after all documents for the purchased goods have been received, ensuring clear settlement/payment terms.
Notification of received documentation
The bank will inform you when the goods documentation has been received from a foreign bank in your name. We will inform you about the amount, currency and payment terms, and will also request your consent to receive the documents.
Review the documents and payment method
Ensure that all required documents for the goods have been received and check whether the payment method is acceptable to you, i.e.:
payment at sight;
against acceptance of a draft (bill of exchange) with deferred payment;
after acceptance of a draft with deferred payment.
After that, inform the bank of your consent, allowing the specified amount in the documents to be debited from your account on the relevant date.
Making the payment and receiving the documents
The bank transfers the amount to the exporter’s bank, deducting the commission fee, and releases the documents on the basis of which you can receive the goods.
Control over payments
Use documentary collection and decide when to effect payment in accordance with the agreed terms.
Timely receipt of documents
Receive documents prior to the delivery of goods. You may also accept a bill of exchange and obtain the documents, settling payment at the agreed maturity date.
Expert guidance
Benefit from professional advice on the preparation and handling of collection documents.
Efficient and reliable cooperation
We remind you of upcoming payment deadlines and facilitate smooth settlement execution with your partners worldwide.
Execution Process
Receive payment for offloaded goods from an importer’s bank.
The importer’s bank does not guarantee payment but insistently asks its client to make a payment within a certain period.
Submission of documents
After the goods have been shipped, submit the Collection Order and the commercial documentation to the Bank.
Indication of terms
In the Collection Order, specify the importer’s (buyer’s) bank, payment terms, document release conditions, and any other relevant instructions.
Forwarding of documents
We dispatch the documents by courier to the importer’s bank and present them for payment or acceptance, as instructed.
Receipt of payment
Funds received from the buyer’s bank are credited to your account.
Reduced payment risk
Use documentary collection to mitigate the risk of non-payment for delivered goods.
Timely notifications
Receive prompt information if your trading partners refuse to make payment.
Control over documentation
Maintain full transparency and control over documents until full payment is received.
Contact Us
Learn more about documentary collection
If you would like to receive more information about documentary collection services, please complete a short application form and we will contact you.