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What is documentary collections?

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Anonymous

11y ago
Updated: 9/29/2022

Documentary collection is a type of trade finance where an exporter is paid for his shipped goods & products by an importer after the two parties’ banks exchange the evidential documents. In other words, it is a method of trade finance where an exporter’s bank forwards documents to the importer’s bank to collect the payments for shipped goods. It occurs usually after the shipment of goods at the importer’s location.

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Arely Tromp

Lvl 10
3y ago

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