Instruments · Documentary Collections
Documentary Collections
D/P, D/A, URC 522, collection-bank roles, risks and procedures.
Documentary collection sits between open-account trade and documentary credit. Banks handle documents and instructions, but they do not automatically give an LC-style undertaking to pay.
What is a Documentary Collection?
Learn how banks handle trade documents without giving an LC-style payment undertaking.
Lesson 1 of 6 →D/P vs D/A
Understand Documents against Payment and Documents against Acceptance.
Lesson 2 of 6 →Collection Bank Roles
Learn principal, remitting bank, collecting bank, presenting bank and drawee.
Lesson 3 of 6 →URC 522
Learn what the ICC Uniform Rules for Collections do and when they apply.
Lesson 4 of 6 →Risks and Practical Checks
Understand refusal, storage, documents, maturity and buyer credit risk.
Lesson 5 of 6 →Collection Procedure from Start to Finish
Follow a typical documentary collection lifecycle.
Lesson 6 of 6 →