Import Documentary Collections
Citibank can help you simplify the administration of your documentary import collections, so you’ll know when funding is due, track outstanding import collections, and ease reconcilement of payables.
For commercial trade transactions, Citibank's Import Documentary Collections are a simple and cost-effective alternative to Import Letters of Credit. You can:
- Manage transactions and collections in multiple currencies
- Centralize import payable information
- Receive electronic notification when import documents arrive
- Simplify the administration of commercial trade transactions
- Reassure your trading partner of prompt remittance of payment
Working on your behalf throughout the world, Citibank’s efficient import collection services assure prompt payment to your supplier’s bank. With an expansive presence and recognized expertise in international trade, Citibank is a world leader in trade services. In fact, we often act on behalf of both importer and exporter in a trade transaction, thus speeding processing so that imported goods can be released to you faster.