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Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
Why use documentary collections?
Provide a secure way to make and receive payments during international trade
An exporter submits shipping documents and payment instructions to their bank once they’ve sent the goods
The bank obtains payment or an acceptance of a bill of exchange from the importer’s bank and releases the documentation
The banks involved in export collection don’t guarantee payment, so you should always check the buyer’s credit status before agreeing to use this service.
Documentary collections in detail...
Cost-efficient and easy to use
Types of Collections OpenClose
Other Trade Finance options
We offer a wide range of trade finance products, discover how these could help out with your business needs…
Bonds & guarantees, and standby letters of credit, provide companies with additional protection in respect of their business or customers, performance or financial obligations. We can issue guarantees on your behalf or receive and validate guarantees issued by other banks in your favour.
Provide a secure method of settlement and reduce the risk of non- payment for delivered goods. Once issued they are legally binding, irrevocable and cannot be cancelled unless all parties agree.
Trade Loans tailor loans to a specific contract(s) and cover the funding gap between you paying your suppliers and being paid by your customer. They allow you to repay the loan when your customer pays you and are available to businesses with a turnover of over £2m.
Additional support for your business
Help protect against the impact of exchange rate fluctuations and the risk of not being paid
Our secure online platform lets you manage your international trade transactions from anywhere, 24 hours a day