Documentary Collection

Ideal for established, trusted trade partners, this streamlined method ensures secure document exchange with cost-effective payment solution.

Features

  • Document-Control Assurance: All applicable documents are carefully handled by the banks
  • Sight-Documents Against Payment (D/P): Ensure settlement is made before documents are released to importer.
  • Term-Documents Against Acceptance (D/A): Documents are released after acceptance and agreement by importer to settle on specified future date, following commercial terms, i.e. 30/60/90 days etc.
  • Strong adherence and governed by Uniform Rules for Collections (URC 522) by International Chamber of Commerce

 

Benefits

  • Most Cost-Efficient: Unlike LC and BG, Documentary Collection offers lower fees and simpler processing with bank only facilitating documents delivery.
  • Trusted Trade Transaction: Ideal solution for well-known trading partners with strong trade history, not requiring structures and controls of LC.
  • Access to Finance: Trade Finance Loan is available subject to credit assessment
     

Requirements

Visit the nearest branch for additional information about our trade finance products and services, including the required documents, fees and charges.

Trade Finance Enquiries

Call: (855) 89 666 278 or (855) 85 666 458
Mondays – Fridays (8 AM - 5 PM)
*excluding public holidays

SUMIT ENQUIRY