Import & export

Export Documentary Collections

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

Features and benefits

  • Protects your interests if your buyer does not issue Documentary Credits
  • Puts you in a position to negotiate better terms and prices
  • Simple and cost effective
  • Documents and payment collections are handled on your behalf
  • Reduces disputes as Documentary Collections are governed by URC522*, which clearly defines the responsibilities of different parties, along with interest and expense issues
  • 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.

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