Documentary collection: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Amend link.) |
||
| Line 23: | Line 23: | ||
===Other link=== | ===Other link=== | ||
[ | [http://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 11:54, 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
