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United Community Bank's Documentary Collections service is an effective way to manage documents related to international transactions. We serve as the intermediary to ensure payments are collected quickly, risk is minimized and documents are exchanged properly. This service offers an extra level of protection for importers and exporters.
Also known as sight collection, this agreement allows documents to be released only if the importer makes immediate payment according to the contracted agreement between the exporter and the importer.
Also known as term collection, this acceptance allows documents to be released only if the importer accepts the accompanying draft, thereby incurring an obligation to pay at a specified future date. In this arrangement, the exporter is exposed to the credit risk of the importer and the political risk of the country.
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