Export Documentary Collections

Product highlights

A simple alternative to Export Documentary Credits that protects your interests over documents and payment collections via banks.

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Features and benefits

Protects your interests if your buyer does not issue Documentary Credits

Documents and payment collections are handled on your behalf

Puts you in a position to negotiate better terms and prices

Reduces disputes as Documentary Collections are governed by URC522*, which clearly defines the responsibilities of different parties, along with interest and expense issues

Simple and cost effective

Access to HSBC's international network makes it easier to chase outstanding payments

Potential risks

  • Since payment is not made until after the goods are shipped, you bear the risk while goods are in transit or storage until payment or acceptance takes place
  • The banks involved in the transaction do not guarantee payment

Always check a buyer's credit status and reputation before agreeing to a Documentary Collection.

Reminder: "To borrow or not to borrow? Borrow only if you can repay!"

*URC 522 refers to the Uniform Rules for Collections 522.

Disclaimer:
Global Trade and Receivables Finance transactions may be subject to credit approval. Other restrictions, including specific country regulations, may apply. Foreign currency exchange rates may apply to certain trade transactions.

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