Having shipped the goods, your supplier presents the necessary documents, together with their instructions, to their bank. Their bank 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.
Import & export
Documentary Collections
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Contact usA simple alternative to Documentary Credits that gives you prompt access to goods.
Features and benefits
- A cost-effective and secure way to trade internationally
- Documentary Collection against Acceptance (D/A) enables you to receive goods before payment
- Eliminates the need for credit facilities if no bank finance is required on payment
- A simpler alternative to Documentary Credits (DCs)
- Manages 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 it works
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Disclaimer:
Global Trade Solutions transactions may be subject to credit approval. Other restrictions, including specific country regulations, may apply. Foreign currency exchange rates may apply to certain trade transactions.
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