Export documentary collections
An easy way to collect payment for your exported goods
Stay in control of your goods once they’ve been dispatched – so you know you’ll get paid.
- Suitable for collecting payments of any amount and in any freely traded currency
- Payment is requested from your buyer on immediate presentation of the Collection or at a fixed or determinable future date
- Reduces the risk of losing title to the goods prior to receiving payment, or an agreement to pay, from your buyer
How export collections can help your business
Export documentary collections are a simple and efficient way to collect payments for the goods you export. You stay in control of the process because the documents of title are sent to the buyer’s bank.
Enhances trading confidence
Documents are only released when buyers pay or accept the bill of exchange, which provides reassurance, particularly when dealing with new partners.
The increased certainty of payment date lets you predict your cashflow more accurately. You can also ask us to trace payment progress if necessary.
How they work
Collections are originated by exporters seeking payment for their trading activities. They can be used to collect payments of any size in any freely traded currency.
Transport documents allowing access to the goods being exported, for example a bill of lading, are sent to your buyer’s bankers along with an invoice. Payment is then requested on either immediate presentation of the Collection (sight payment) or on your buyer’s acceptance to pay the bill of exchange at an agreed fixed or determinable future date (term payment).
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