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Documentary collections

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.




  • The exporter retains control over the goods until payment or a 'promise to pay' is received, which makes Documentary Collections a more secure means of ensuring payment as compared to open account trading
  • An exporter may also be able to obtain post-shipment financing using a Bills Negotiated Not Under Credit facility (BNNUCr) before payment is made by the importer under the Documentary Collection

More information

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