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Documentary Collections
Why is this payment method right for you?
- A cost-effective and secure way to trade internationally
- Enables you to receive goods before payment
- Eliminates the need for credit facilities if no bank finance is required on payment
Other benefits
- A simpler alternative to Documentary Credits
- Reduces payment risk for your supplier at minimal cost to you
- Gives you access to goods without delay
- Suppliers are paid as soon as your account is debited with no hidden interest or payment delays
How do Documentary Collections work?
Having shipped the goods, your supplier presents the necessary documents, together with their instructions, to their bank which forwards the documents to your bank for payment. With a Documentary Collection against payment (D/P), import documents are released to you on payment. With a Documentary Collection against acceptance (D/A), the documents are released to you against your promise to pay.
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