Learn About the Import Documentary Collection Process
Learn About the Import 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 importer, you stand to benefit financially if you are not required to pay for goods in advance.
That’s where BMO’s Import Documentary Collection can help.
Talk to a member of our Global Trade Finance team. Contact Us to learn more about Import Documentary Collection.
As an importer, you stand to benefit financially if you are not required to pay for goods in advance.
That’s where BMO’S Import Documentary Collection can help.
Here’s how it works:
Once you have reached a trade agreement with a seller, they ship you your merchandise and submit your import documentation to their bank.
Their bank then forwards this documentation on to BMO, along with the payment terms the seller -- their client – has specified.
Once you have reviewed and accepted the seller’s payment terms, BMO releases the import documentation to you and makes a payment to the seller’s bank on your behalf.
In turn, the seller’s bank credits the seller, completing the transaction.
Import Documentary Collection not only benefits you …
It benefits your Seller, 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
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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
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PART 3
Learn About the Export Documentary Credit Process
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PART 4
Learn About the Export Documentary Collection Process
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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 …
PART 5
Learn About the Import Documentary Credit Process
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As an importer, you need to convey your creditworthiness to Seller, especially those you’ve not done business with before. That&rs…
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