Help protect against the impact of exchange rate fluctuations and the risk of not being paid
Security may be required. Product fees may apply. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
Provide a secure way to make and receive payments during international trade
An exporter submits shipping documents and payment instructions to their bank once they’ve sent the goods
The bank obtains payment or an acceptance of a bill of exchange from the importer’s bank and releases the documentation
The banks involved in export collection don’t guarantee payment, so you should always check the buyer’s credit status before agreeing to use this service.