Trade Finance

The collection service is an operation, where the bank submits documents to the buyer on behalf of the supplier and claims indicative payments.	

By using the collection service, the seller can receive the relevant payment as soon as the goods are shipped, while the buyer can pay to their bank after receipt of the goods.

Collection service is one of the relatively easy, low cost and fast banking services that is suitable for foreign trade customers.

Collection Service

If your business needs a long-term, large amount investment loan, TransBank offers its corporate clients the Syndicated Loan Facility.

Syndicated Loans

FACTORING is a financing instrument to meet the short-term financial needs of importers and exporters for the purchase and sale of goods and services from abroad and is characterised by financing provided in advance based on future receivables.

Factoring Services

To support importers and exporters’ cross-border trade businesses, we offer you short- and medium-term credit sources on favourable terms to increase the efficiency of working capital prior to the shipment of goods.

Trade Loans

Collection service involves a process in which the bank sends documents to the buyer on behalf of the supplier and collects payment. With the help of a collection bill, the supplier can receive the relevant payment as soon as the goods are shipped, while the buyer can make the payment to their bank after the products are sold. Collection service is one of the relatively simple, low-cost, and quick banking services, which is suitable for customers engaging in foreign trade.

It is a comprehensive international payment instrument that can mitigate the risks of importers and exporters in the sales and purchases of goods and services across borders (e.g. the exporter’s risk related to the delivery of goods that meet quality requirements on time, the importer’s risk related to paying the exporter on time, ) The exporter receives payment upon shipment of the goods in accordance with the conditions specified in the guarantee, and in the event of the importer becoming insolvent, the exporter has the right to demand payment from the issuing bank.

Bank Guarantee

A letter of credit is a comprehensive international payment instrument that can reduce the risks faced by importers and exporters in the purchase and sale of products and services across borders. It is a payment instrument that confirms the importer’s obligation to pay if the exporter fully complies with the conditions specified in the letter of credit. The letter of credit is issued by the importer’s bank and accepted by the exporter’s bank. There are two types of letters of credit: import and export.

COLLECTION SERVICE	Fees and commission
Advising of collection	USD 10.00
Tracer for payment/acceptance	USD 10.00
Receipt of amendment to collection instruction	USD 10.00
Release of documents against payment	USD 30.00
Release of documents against acceptance	USD 5.00
Release of documents against other instruction(s)	USD 50.00
Payment against acceptance	USD 25.00
Returning of unpaid documents	USD 10.00
Dispute regarding unpaid draft	USD30.00 + other charge
Release the underlying goods sent to the disposition of bank	USD 20.00