Documentary collection
Documentary collection is a payment instrument used in import-export businesses. Compared to the documentary credit, documentary collection includes prior delivery or rendering of services by the vendor before execution of payment.
Documentary collection operations provided by OTP Bank
- sending documents for collection (Nostro)
- accepting documents for payment (Loro)
- obtaining acceptance bills
- cheque and bills of exchange collection
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Documentary letters of credit
Documentary credit represents one of the most significant instruments of international payment in foreign trade business that enables more secure exchange of goods and protects interests of vendor and buyer.
Find out moreDocumentary collection
Documentary collection is a payment instrument used in import-export businesses. Compared to the documentary credit, documentary collection includes prior delivery or rendering of services by the vendor before execution of payment.
Find out moreDocumentary collection
Documentary collection is a payment instrument used in import-export businesses. Compared to the documentary credit, documentary collection includes prior delivery or rendering of services by the vendor before execution of payment.
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