- Slovakia
- Products
- Trade finance
- Documentary Collection
Documentary Collection
confident of payment than
with basic wire transfers
to tie up funds ahead of time
and you can be more confident
of delivery than when paying in advance
cheaper than a documentary
letter of credit
It is a simple payment instrument under which, in accordance with the seller’s instructions, we ensure that the commercial documents for a consignment (for example, invoices or transport document) are released to the buyer only after payment of the due receivable.
Documentary collection
it is a payment instrument that can be used in domestic and international trade,
traditionally, it has been used widely in international trade,
it ensures that the documents under delivery of goods or services are released to the buyer only subject to meeting the conditions set by the seller when arranging collection (usually, the documents are released against payment),
it is beneficial for the buyers because they need not commit funds in advance,
it is cheaper than a documentary letter of credit.