An easy way to collect payment for your exported goods
Stay in control of your goods once they’ve been dispatched – so you know you’ll get paid.
Export documentary collections are a simple and efficient way to collect payments for the goods you export. You stay in control of the process because the documents of title are sent to the buyer’s bank.
Documents are only released when buyers pay or accept the bill of exchange, which provides reassurance, particularly when dealing with new partners.
The increased certainty of payment date lets you predict your cashflow more accurately. You can also ask us to trace payment progress if necessary.
Collections are originated by exporters seeking payment for their trading activities. They can be used to collect payments of any size in any freely traded currency.
Transport documents allowing access to the goods being exported, for example a bill of lading, are sent to your buyer’s bankers along with an invoice. Payment is then requested on either immediate presentation of the Collection (sight payment) or on your buyer’s acceptance to pay the bill of exchange at an agreed fixed or determinable future date (term payment).
This product is available to clients of Barclays Bank UK PLC through referral to Barclays Bank PLC. Referred products will be owned and administered by Barclays Bank PLC. A portion of the revenue generated from referred products may be shared with Barclays UK PLC. Alternative service providers in the market may offer similar products.
Get paid for exported goods while covering your trade risks
Get a guarantee of payment before you commit to sending goods.
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