Documentary import collections are payment mechanisms, which are less expensive than letters of credits, but provide more security to the supplier than open account transactions. Import documentary collections simplify the administration of commercial trading transactions, safeguarding your title to goods and boosting trading relationships by reassuring your counterparty of due payment.

Working on your behalf throughout the globe, CRDB Bank's efficient collection services assure prompt payment to your supplier's bank. CRDB Bank's services offer you the flexibility of multicurrency import collections. This means that wherever you source your goods, CRDB Bank can settle payments promptly in the local currencies you prefer.

- Penalties imposed by Exporters for delays in payment
- Ready access to title documents
- Competitive rates
- Status of transactions

- Guaranteed turnaround on debit and credit timing via CRDB Bank's network.
- Flexible access to documents.
- Flexible access on FX spot and or forward deals.
- Advisory on and management of end to end cycle.

- Under a documentary collection, the shipping documents are sent to CRDB Bank rather than directly to you, the importer. CRDB Bank acts as the collecting bank, accepting the title documents from the exporter's remitting bank and delivering them to the importer upon payment (Sight Collections) or a promise to pay (Acceptance Collections).

For more details on this product, please contact your Relationship Manager Tel +255 22 2117442-7
Or
Manager- Trade Finance Tel +255 22 2115495
Email: foreigntrade@crdb.com