Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Export documentary collection

Complete documentary collection process monitored.

As part of our documentary collection process, we forward your export documents to a bank in the buyer's country.  The documents are only released to the buyer when payment terms and conditions are met.

Our process offers:

  • Availability in most major currencies
  • A more cost effective solution than a documentary credit due to a simpler process
  • Monitoring the collection process for you from the dispatch of your documents through to receipt of the payment
  • You stipulate the terms of the collection, so that it aligns with your underlying commercial contract
  • You receive payment when we receive proceeds from your buyer's bank
  • You have an alternative form of payment to an export documentary credit
  • Issued on a 'sight' or 'term' basis. 'Sight' means that drafts are drawn for immediate payment, 'term' means that drafts are drawn on a term payment basis, e.g. 30 days after sight, 90 days from bill of lading.

Know some of the risks

  • Payment default risk is greater than that of a documentary credit as the buyer can refuse payment at any time
  • Disputes over terms and conditions after you ship your goods can result in delayed payment or non-payment
  • Unplanned expenses may arise if the buyer delays or defaults payment
  • When documents are released against acceptance of a term bill, you will lose control of the goods and be solely reliant on the buyer’s credit standing for payment on due date.
Things you should know

Credit facilities are subject to application and the Bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the Terms and Conditions for all the products and services which do not have a Product Disclosure Statement are available on application.