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Export Documentary Collections
Export documentary collections offer you payment security without the use of a documentary credit (DC)
Why do I need export documentary collections?
- Does the relatively higher cost of a DC concern you?
- Is payment assurance from your buyer important to you?
- Do you have multiple buyers distributed in different parts of the world?
Export documentary collections protect your interests until your buyers pay or promise to pay your invoices.
Product features
- Positions you to receive better terms/prices as it is easier and cheaper for your buyer to receive collections than to issue DCs
- Protects your interests when your buyer does not issue DCs, as you retain control of your goods through the banking system until your buyer pays or promises to pay the invoice
- Reduces disputes as collections are governed by Uniform Rules for Collection (URC), where responsibilities of different parties, interest and expense issues are clearly defined
- Improves efficiency through access to HSBC's international network to help you chase outstanding payments
Export documentary collections offer you payment security without the use of a documentary credit.
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