Documentary collection: Difference between revisions
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imported>Doug Williamson (Add link.) |
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[ | [https://voxeu.org/article/trade-finance-around-world Trade finance around the world, Centre for Economic and Policy Research, 2016] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] | ||
Revision as of 11:53, 12 June 2016
(DC).
An international payment method that processes the collection of a draft and accompanying shipping documents through international correspondent banks.
A documentary collection is a structure under which a bank collects payment from a buyer, by presenting documents to the buyer.
Compared with letters of credit (LCs), documentary collections are used for smaller transactions, and a smaller total value of transactions.
See also
- Cash against documents
- Collecting bank
- Commercial risk
- Correspondent banking
- Documentary credit
- Documents against acceptance
- Documents against payment
- Draft
- Letter of credit
- Remitting bank
Other link
Trade finance around the world, Centre for Economic and Policy Research, 2016
