CRDB Bank Export Collections offer you the benefit of centralising your collections through a single bank thus allowing you to monitor outstanding transactions, analyse payment cycles and benefit from CRDB Bank’s presence, expertise and network.

Export Documentary collections simplify and reduce the cost of administering your commercial trading transactions by providing simpler processing of payments from importers while also safeguarding your title to goods until payment for them has been received. CRDB Bank PLC Trade Finance unit is cable of providing solution to your problems such as:

• Unpredictable and/or irregular collection cycles.
• Difficulty in tracking transaction status.
• Multiple processes and or/varied procedures and parties involved, frustrating attempts to streamline and improve.

• Improved collection and transparent information on transaction status.
• Advisory on how to structure collection flows

For the exporter, CRDB Bank acts as the remitting bank, accepting the title documents, including a time draft and forwarding to the buyer’s or collecting bank. The buyer’s payment to the collecting bank then goes back to the seller through the remitting bank. This type of instrument reduces the seller’s risk of sending title documents directly to the buyer before payment is made.

• CRDB Bank will be in a position to intermediate on behalf of both the exporter and the importer in the transaction through our global network. This unique end-to-end role provides faster payments, simplifies communication between counterparties and helps to resolve discrepancy issues.
• CRDB Bank will send payment tracers as frequently as you decide to facilitate optimum collection times.
• Export payments from all over the world are posted to your account immediately thus eliminating any interbank float delays. Furthermore, your office will be in receipt of payment advices for the respective credits to your account.