Export Collections
In the documentary collection process, Commercial Bank serves as an agent holding the commercial documents covering the shipment ie the title documents until payment is made. For the exporter, we act as the remitting bank, accepting the title documents, including the time draft if financing is involved, and forwarding them to the buyer's bank or the collecting bank. The buyer's payment to the collecting bank then comes back to the seller through the remitting bank. This method of trade financing reduces the seller's risk of sending title documents directly to the buyer before payment is made.
