Documentary Collection

Documentary Collection

A service provided by banks to sellers in obtaining payments. This service is usually transacted by the seller's bank through the buyer's bank, with the latter presenting the shipping documents to the buyer in exchange for payment or for signing a promissory note like instrument called a time draft.

Documentary Collections

International transactions in which banks act on behalf of the importer and exporter to collect payment for a good. The exporter presents the appropriate documents to a bank in his/her country, which forwards them to a bank in the importer's country. This bank presents the documents to the importer and accepts payment, which it then forwards back to the first bank. The banks have no responsibility in a documentary collection except to fulfill instructions of the importer and exporter; that is, they make no guarantees of payment. See also: Documents against payment, Documents against acceptance.
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He is co-editor of a documentary collection on US-Latin America relations, and has a particular expertise in Mexico, the subject of his next book.
5 billion (140 billion EGP) since the flotation, including opening Letters of Credit and documentary collection for both private and public sector.
The points of greatest interest in this museum are made up of the documentary collection of Fernando Namora transferred from his residence office in Lisbon.
For the first time, the sincere words, thoughts, and dreams of the original students are published in this documentary collection which contains hundreds of newspaper articles written by those Black youth who yearned to gain knowledge and pursue greater levels of freedom.
The range of services being provided by BNY Mellon integrates all of the essential components of letter of credit and documentary collection transactions into a single platform.
For instance, using a documentary collection process or letter of credit provides more protection than open account terms and exposes a company to less risk than waiting to receive payment from an international buyer directly.
As exporters become more educated about risk mitigation and liquidity tools related to trade, they can move away from the most conservative payment term, which is cash in advance, to a letter of credit, documentary collection, insured open-account receivables and, ultimately, open-account terms," Noriega said.
Slave Culture: A Documentary Collection of the Slave Narratives From the Federal Writers' Project; 3 volume set
The search for modern China; a documentary collection, 3d ed.
Another trade finance practice is a documentary collection, whereby the exporter entrusts the collection of a payment against shipping documents to the remitting bank (exporter's bank), which sends documents to a collecting bank (importer's bank), along with instructions for payment.
This is the second documentary collection published by the Commission.