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Export Documentary Collection


Documentary Collection


Bank of China (Luxembourg) S.A. Brussels Branch, as entrusted by an exporter, collects payments from an importer through a collecting bank upon presentation of the exporter's commercial and financial documents.


The product meets the needs of international trade settlement. Compared with remittance, the product provides more payment guarantee in two forms: documents against payment (D/P) and documents against acceptance (D/A).


1. Low cost. Low fees charged by the entrusting bank can help customers reduce the financial expenses and control the costs.

2. Simple procedures. Compared with L/C, the collection has simple procedures and is easy to use;

3. Low risk. The importer can only obtain the bills of goods ownership after acceptance or payment, which helps exporter reduce the risks compared with the open account sales.


The charges are subject to the charging principle and rate stipulated in the relevant rules of Bank of China Brussels Branch.

Target Customers

International trade customers who use documentary collection for settlement. The consideration is mainly based on the following factors:

1. Exporters who know the credit status of the importers and have sufficient funds for preparation and delivery of goods;

2. In the sellers' market, the exporters are recommended to choose D/P, while in the buyers' market where the importers ask for financial facility, the exporters can choose D/A..

Required Documents

1. The following documents are required when applying for export collection: the power of attorney for collection (containing name and address of collecting bank) and the complete set of documents for documentary collection. 2. Customers who have no current account in Bank of China (Luxembourg) S.A. Brussels Branch are required to provide the name and account number (IBAN number) of correspondent banks.


1. The exporter submits relevant documents to Bank of China (Luxembourg) S.A. Brussels Branch for collection after preparation and delivery of goods;

2. Bank of China (Luxembourg) S.A. Brussels Branch mails the documents for collection to the foreign collecting bank for reimbursement claim;

3. The foreign collecting bank presents the received documents to the importer;

4. The importer makes the due payment to Bank of China (Luxembourg) S.A. Brussels Branch via the collecting bank and Bank of China (Luxembourg) S.A. Brussels Branch pays it to the exporter.


1. In case that the importer refuses to make payment or acceptance, customers are recommended to authorize the collecting bank in time to make arrangement for the goods;

2. D/A actually extends the payment time of the importer, therefore customers are recommended to consider the interest and other costs when determining the contract price.

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