Corporate Banking & Financial Institutions

International payment instruments

International Transfer
 
  • Documentary collection
 
Letter of credit
 
Stand By Letter of credit
 

Financing mechanisms

Discount without recourse or Forfaiting
 
Pre-financing of export transactions
 
Export Credit
 

Security and bank guarantees

Payment guarantee
 
Issuing of international bank guarantees
 

Business accounts

Foreign currency Non-Resident account
 

 

 

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Documentary collection

 

A quick, safe way of settling your international transactions.

 

Characteristics

Documentary collection enables you to set conditions on your payment, whether payable on demand or on maturity, upon submission of the documents necessary for purchasing the goods or service.
In this case, ATTIJARIWAFA BANK EUROPE is responsible for transmitting the documents to the importer’s bank against payment, adhering strictly to the instructions it has received.
remise documentaire


There are several possible scenarios, depending on your commercial agreements:

  •  Payment on demand:
  1.  The importer withdraws the documents sent by the exporter’s bank, with the instruction to issue them against payment.
  2.  If the importer does not withdraw the documents, the importer’s bank returns the documents to the exporter, which must find a solution for its goods (either repatriate them or sell them on site to a new customer).
  •  Payment on maturity:

    1. The importer (Drawee) withdraws the documents submitted by the exporter’s bank (Drawer) against acceptance of a guaranteed bill. In this case, the commercial risk is limited by a “foreign bank” risk. If the importer withdraws the documents against acceptance of a simple bill (not guaranteed), the exporter then bears the commercial risk of non-payment.
    2. If the importer does not withdraw the documents, the importer’s bank returns the documents to the exporter, which must find a solution for its goods (either repatriate them or sell them on site to a new customer).

 

Assets
  • Simple procedure.
  • Payment with conditions, safer than a simple transfer.
  • Documentary evidence of the commercial transaction.
  • Secure financial instrument.
  • Personalised monitoring of transmission of the documentary collection.