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Documentary Collection

A service provided to customers (drawer/seller) for the collection of payment based on documents presented to the buyer’s bank (drawee).

Documentary Collection

A service provided to customers (drawer/seller) for the collection of payment based on documents presented to the buyer’s bank (drawee).

Features

Benefits

  • Documents against Payment (D/P)

  • Documents against Acceptance (D/A)

  • Payment collection and document handling in accordance with URC 522

  • Ensures document security, as goods cannot be cleared by the buyer without going through the bank

  • Improves cash flow efficiency, particularly under D/A where the importer can receive goods first and settle payment at maturity

  • No credit line required, enabling faster document handling and payment processing

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