Trade Finance Services
As a means of collecting foreign receivables, directing inward remittances, and,
in some cases, mitigating the risk of selling on open account, the documentary collection
is a simple, cost-effective tool. The documentary collection is a draft or demand
for payment with commercial documents, usually an invoice and a bill of lading,
attached to a collection letter. This method of collecting receivables is especially
effective when used in connection with a working capital line of credit, for it
can trim days off of the collection cycle thereby reducing reliance on borrowed
funds.
Contact us to learn more.
For more information about our International Banking services, visit our
international banking resource center,
e-mail us or contact an International Banker at 316-383-1300.