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Essence

  • Collection is the form of settlements

Receivers

  • For customers engaged in import operations

Area of application

  • Import of goods, services, works and intellectual deliverables

Advantages and opportunities

  • Protection of interests of contractual parties
  • Additional security for contractual obligations

Collection

  • The buyer decides to pay for the goods only after the receipt of documents from the Bank confirming the performance of the seller's obligations (the documents are passed by the Bank in original form, without being checked).

Pricing

  • In accordance with the Bank's catalogue of tariffs for trade finance transactions used in international settlements

Terms of provision

  • Availability of a currency and settlement account at the Bank
  • Execution of the transaction report (where necessary)
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