Documentary collection

Benefits

Greater certainty than a simple promise to pay on the part of the foreign-based business
A good compromise solution if the importer does not want a letter of credit
Reliable process on the basis of standardized, defined rules
Where presentation of the correct documents has been agreed, importer only receives goods upon payment
The exporter can secure financing from their bank for the equivalent value of the accepted draft

Documentary letter of credit

Safeguard your cross-border transactions with a tried-and-trusted financial instrument.

Note: For the importer, the advantage of documentary collection over a letter of credit is that it does not impact their creditworthiness. For the exporter, it has the disadvantage that the importer is not legally required to take delivery of the goods and to complete the purchase. Attention needs to be paid to this risk, in particular, in the case of custom-made or seasonal goods, or goods that entail especially high shipment costs. We can gladly advise you on how best to safeguard your specific business transaction.

It’s quick and simple

You instruct us to collect the value of the shipped goods via trade documents. Your business partner, the importer, only receives the required documents upon payment. In the case of documentary collection, the importer only receives the documents upon payment; the exporter only receives payment upon presentation of the required documentation.

Simplified process description

Documentary collection is stipulated in the contract concluded between importer and exporter.
Once goods have been shipped, documents are presented to the exporter’s bank.
The exporter’s bank presents the documents to the importer’s bank, and requests payment.
After being instructed to do so by the importer, the importer’s bank makes the payment to the exporter’s bank.

Mehr Sicherheit

Documentary letter of credit