Documentary collection

Documentary Collection
Documentary Collection definition :
A service provided by banks to sellers in obtaining payments.

DOCUMENTARY COLLECTION - A service provided by banks to sellers in obtaining payments. This service is ...
DOCUMENTARY COLLECTIONS - Trade transactions handled on a draft basis.

Documentary collection:
An international payment technique allowing each party to retain key elements of control and increasing the level of security of the transaction, even in the absence of a Letter of credit.

Documentary collection
Documents Against Payment Stipulate that the exporter ships goods to the importer without a letter of credit or another form of guaranteed payment.

Documentary collections
Trade transactions handled on a draft basis.
Documented discount notes ...

Documentary collection
Where you draw up a bill of exchange, which allows you to keep control of your goods and raise additional finance.

Diebold 10xx
Direct corporate access
Discretionary deposit
Documentary collection
Double default ...

usually transacted by the seller's bank through the buyer's bank, with the latter presenting the shipping documents to the buyer in exchange for payment or for signing a promissory note like instrument called a time draft.
Documentary ...

See also: Banks, Letter of credit, Documentary collections, Shipping documents, Time draft