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Documentary Collections
Documentary collections can be used when there is an existing trading relationship between the exporter and the importer.
Documentary collections can be used when there is an existing trading relationship between the exporter and the importer.
Top Features
- The simplicity of documentary collections makes it a convenient payment method.
- You retain control of the goods until payment commitment is received; and
- Payment can be guaranteed through an avalised bill, which is used in cases of discounting.
Benefits for You
- Protection – commercial and shipping documents are only released against payment/bill acceptance;
- Facility – there is zero impact on banking facilities, unless the bill is avalised; and
- Efficiency – you can manage acceptance of the documentary collection with assistance provided by the Global Business department of Nedbank.