Managing risk

Documentary collections

Why use documentary collections?

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.

Documentary collections in detail...

Benefits

Improved cashflow

When importing, you don't pay until you receive shipping confirmation – so you keep your cash for longer. When exporting, deferred payment collections can often be discounted with your bank.

Cost-efficient and easy to use

There's no need for a capital-weighted bank facility, and documentation is turned around quickly

Added security

Importers only pay once there's proof of shipment, so it's more secure than paying for your goods in advance. If you're exporting, you keep control of the documents until the goods have been paid for or a bill of exchange has been accepted.

Universally regulated

Documentary collections are subject to globally recognised rules issued by the International Chamber of Commerce.

Types of Collections

Import collection

Import collection (also referred to as an Inward Bill or inward collection) could be your best option. It’s a universally recognised method for settling overseas trade debt through the international banking system and may also be the preferred settlement method of your overseas supplier.

Export collection

Export collection (also known as Outward Bill) is a universally recognised method for settling overseas trade debt through the international banking system. It means you may be able to keep control of the goods that you have shipped until the importer can see that delivery of the goods has been made and agrees to pay.

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Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator’s tariff.

If you’re a customer registered abroad, or you’d prefer to apply offline, you can download an application form below.

Ready to enquire

Simply tell us a little about your business and your needs, and we’ll be in touch by the end of the next working day to talk through possible solutions tailored specifically for you.

Alternatively, you can always talk to your relationship manager or give us a ring on the number below.

Contact us on: 0345 050 0696

Text Relay: 18001 0345 303 0077

Lines are open 9.00am-5.00pm, Monday to Friday (except public holidays).

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator’s tariff.

Thanks now tell us what sort of customer you are

Ready to enquire

Simply tell us a little about your business and your needs, and we’ll be in touch by the end of the next working day to talk through possible solutions tailored specifically for you.

Alternatively, you can always talk to your relationship manager or give us a ring on the number below.

Contact us on: 0345 050 0733

Text Relay: 18001 0345 303 0077

Lines are open 9.00am-5.00pm, Monday to Friday (except public holidays).

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator’s tariff.

If you’re a customer registered abroad, or you’d prefer to apply offline, you can download an application form below.

Ready to enquire

Simply tell us a little about your business and your needs, and we’ll be in touch by the end of the next working day to talk through possible solutions tailored specifically for you.

Alternatively, you can always talk to your relationship manager or give us a ring on the number below.

Contact us on: 0345 050 0733

Text Relay: 18001 0345 303 0077

Lines are open 9.00am-5.00pm, Monday to Friday (except public holidays).

Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator’s tariff.

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