Documentary collection

From ACT Wiki
Revision as of 11:12, 16 August 2015 by imported>Doug Williamson (Expand following discussion with Paul Cowdell MCT FCIB, 30 July 2105.)
Jump to navigationJump to search

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.


See also