Trade Services

Documentary
Collection

Ideal for Importers and Exporters

Description

It is an international payment method that provides security at a low cost to the exporter and to the importer.

These are issued when there is a certain level of trust and experience between the importer and exporter.

In order to acquire ownership, the importer pays or signs a negotiable instrument.

The seller instructs his/her bank to forward the documents related to the operation to the buyer’s bank indicating when and on what conditions these documents can be released to the buyer.

Characteristics

1. Simple Collection
When no commercial documents are included (i.e. check, bill of exchange)  
2. Documentary Collection
In addition to negotiable instruments, it always includes commercial documents like an Invoice and Shipping Documents

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REQUISITES

1

Contact our Letters of Credit department

2

Provide collection instructions

3

Instruct your suppliers that collection documents on behalf of their bank should be addressed to Monex, Letter of Credit Department