A Documentary Collection is a trade transaction in which the exporter hands over the task of collecting payment for goods supplied to the bank, which sends the shipping documents to the importer's bank together with payment instructions.

Relevant export documents, together with an appropriate Bill of Exchange (or other financial instrument), are forwarded by the exporter’s bank to the importer’s bank for collection and return of proceeds in terms with the exporter’s instructions.

The export documents are released to the importer against payment (known as Documents against Payment) or acceptance of the Bill of Exchange (known as a Documents against Acceptance) and payment is effected to the exporter on receipt of proceeds.

Benefits

For more information on ANZ Trade and Supply Chain Finance solutions please contact the Trade Finance Desk via e-mail tradebb or phone 1300 269 487

For more information on how ANZ can help you grow your business internationally please visit the ANZ Be Trade Ready site.