Import Documentary Collections
When it comes to international transactions, importers sometimes need structured payment methods to facilitate exchange of commercial documents and funds.
Fifth Third Bank's Documentary Draft Collections services utilize banks' international operations on both ends of the transaction to help assure desired documents are presented and that proper communication through banking channels is maintained.
When you work with our experienced Fifth Third Bank Documentary Draft Collections team, we help by:
- Serving as a trusted intermediary for the delivery of documents in accordance with instructions provided by your suppliers.
- Making immediate payment to your suppliers while refinancing you for extended terms using a Banker's Acceptance facility.
- Automating the process of accepting time drafts and thereby expediting the delivery of documents.
Find out more about Fifth Third Bank Documentary Collections for imports. Contact a Global Trade Services Sales Representative.
Loans subject to credit review and approval.
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