Learn About the Export Documentary Collection Process
Learn About the Export Documentary Collection Process
Director, Trade & Supply Chain Finance Product Treasury & Payment Solutions
Sunil has 25 years of banking experience spanning various areas including, trade finance product development, project management, technology & business transfor…
Sunil has 25 years of banking experience spanning various areas including, trade finance product development, project management, technology & business transfor…
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As an exporter, you’re not required to handover title to the goods you’ve shipped until you’ve received payment from the Buyer.
When it comes to securing this payment, BMO’s export documentary collection solution can help.
Talk to a member of our Global Trade Finance team. Contact Us to learn more about Export Documentary Collection.
As an exporter, you’re not required to handover title to the goods you’ve shipped until you’ve received payment from the Buyer.
When it comes to securing this payment, BMO’s export documentary collection solution can help.
Here’s how it works:
Once you’ve shipped goods to a Buyer, you submit the shipping documents to BMO, along with payment instructions.
Acting on your behalf, BMO forwards these to the Buyer’s bank. They, in turn, relay your payment terms to their customer.
Provided the Buyer accepts your terms, their bank remits payment to BMO, and releases the shipping documents to their customer. They can then take delivery of the goods.
And BMO credits you the payment received from your Buyer’s bank.
Export documentary collection not only benefits you …
It benefits your Buyer, too.
Talk to a member of our Global Trade Finance team to learn more.
Trade and Supply Chain Finance Product Solutions
PART 1
Learn About the Approved Payable Finance Process
Sunil Gupta February 13, 2024
In today’s competitive market, buyers want to optimize their supply chains, and sellers want to optimize their working capital. …
PART 2
Learn About the Receivable Purchase Finance Process
Sunil Gupta February 13, 2024
As a Seller, prompt invoice payment is key to maintaining a healthy cash flow. This is where BMO’s Receivable Purchase Finance sol…
PART 3
Learn About the Export Documentary Credit Process
Sunil Gupta February 14, 2024
When you’re exporting goods, you want assurance that your Buyers will meet your payment terms. That’s where BMO’s expo…
PART 5
Learn About the Import Documentary Credit Process
Sunil Gupta February 14, 2024
As an importer, you need to convey your creditworthiness to Seller, especially those you’ve not done business with before. That&rs…
PART 6
Learn About the Import Documentary Collection Process
Sunil Gupta February 14, 2024
As an importer, you stand to benefit financially if you are not required to pay for goods in advance. That’s where BMO’s Imp…
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