LGB BANK can supply you with an efficient routing system for any collections so that you can be sure of their delivery to you, your trading partners and their banks. Documentary collections provide an excellent solution in lowering costs and expediting processing, while maintaining control over the transfer of funds.

When this facility is used, you as the seller forward the shipping documents payable at or against draft drawn on the buyer’s account. The draft and documents are sent with instructions to the buyer’s bank whereby the latter advise arrival of documents, but retains the documents until the buyer pays or accepts the draft.

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