- 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
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
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.
Related tools
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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 Solutions 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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