Debt collection
A well-known international payment type, debt collection allows prompt or deferred payment upon presentation of shipping documents.
After the customer has accepted the debt collection, the customer is provided with the original documentation to ensure sufficient cover, and the bank settles the countervalue to the seller.
After the customer has accepted the debt collection, the customer is provided with the original documentation to ensure sufficient cover, and the bank settles the countervalue to the seller.
Advantages:
- Simple transaction method
- Flexible administration
Recommended to:
- Corporate clients
Conditions:
- KDB Bank current account
- Import collection: required cover of payment
- Export collection: signed and filled in collection form
Related regulations and policies:
- URC 522 issued in 1995
- IPT procedure
- NBH execution orders
Contact:
KDB Kontakt at +36 1 473 4440.
KDB Bank Europe Ltd. International Payment Team
