Documentary Collections
A flexible and convenient tool for doing business worldwide
Handling by the bank of commercial or financial documents, in accordance with the instructions received, in order to obtain its payment or its acceptance.
1. Exports
Banco Sabadell sends your exports documents to a bank in your client's country. The documents are submitted to the buyer only when the conditions of payment stipulated by your company are strictly met.
Advantages for the seller:
- The conditions for delivery of the documents are determined by the seller
- It can be a cheaper alternative to a documentary credit
- Delivery of the documents to the buyer can be arranged as cash on delivery or against a formal acknowledgement of the debt (acceptance of a draft)
- Its handling procedures can be subject to internationally-accepted regulations issued by the International Chamber of Commerce
We also offer you:
- Close, personalised follow-up of your remittances by our professional experts, from the moment they are submitted to us until their final settlement
- Timely information on the collection results
- Possibility of financing your operations
2. Imports
The seller's bank sends the dispatch documents directly to your Banco Sabadell branch. The documents shall be delivered to you against fulfilment of the conditions determined by the seller (cash against documents, draft acceptance, or other as specified)
Advantages for the buyer:
- Its flexibility enables fast response and taking advantage of business opportunities
- The cost is lower than that of a documentary credit
- It’s a safer alternative to payment in advance
- No need for credit facilities
- If the seller does not respect the terms and conditions, the buyer can refuse payment under certain conditions
Additionally, as a client of our bank we offer you:
- Close, personalised handling of your remittances by our professional team
- Timely information on document reception
- Payment financing in line with your needs