Documentary Collections 

In collections, banks involve themselves in handling documentation given to them by the customer (seller) and act as an agent to collect payment. In the case of buying merchandise, the bank acts as an agent in processing the payment for the customer (buyer).

This type of transaction is common when the buyer and seller have had a long-term relationship and have developed a level of mutual trust.

We have the expertise to process the documents so that the payment can take place efficiently. This type of transaction is less costly than the letter of credit.

Direct Collections

In direct collections, the seller will prepare and mail the documents to the overseas bank that has been nominated by the buyer. Please contact us and we will be happy to set you up with this type of transaction. This method saves time and also reduces the bank fees.

Advantages:

• Collection forms are provided to the seller at no charge
• The bank has automatic tracing capabilities
• Reporting of transactions to fill your needs