Documentary Remittance - Payments & Collections

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

What is a documentary remittance?

Documentary remittance is a collection procedure in which a bank receives a mandate from the seller to collect the amount of the debt against the remittance of documents. Documentary remittance can be made in exchange for payment or acceptance.

Who are the stakeholders?

  • The principal or remitter: the exporter

  • The drawee: the importer

  • The remitting bank: the exporter's bank

  • The presenting bank: It is the corresponding bank of the exporter in the importer's country.

 

schema

Scheme of realization

schema

Our latest news and insights

Societe Generale named "World's Best Bank" by Global Finance
After having received in June the award for World's Best Bank for Transaction Banking, Societe Generale is named World’s...
Awards & Rankings
After having received in June the award for World's Best Bank for Transaction Banking, Societe Generale is named World’s Best Bank and World’s Best Frontier Market Bank.
Societe Generale named "World's Best Bank" by Global Finance
From Crisis to Opportunity: Unlocking the Power of Supply Chain Finance in a Volatile World
Aurélien Viry, CEO of Societe Generale Factoring, and Gilbert Cordier, Head of Supply Chain Finance, Societe Generale...
Expert views
Aurélien Viry, CEO of Societe Generale Factoring, and Gilbert Cordier, Head of Supply Chain Finance, Societe Generale Factoring, consider the effect of recent world events on the uptake and distribution of supply chain finance and find that, more than ever, it can be a win-win solution for buyers and suppliers alike.
From Crisis to Opportunity: Unlocking the Power of Supply Chain Finance in a Volatile World
Modular Construction: Transforming the Construction Industry
by our experts Laurent Chabot, Co-Head of Infrastructure Finance, Paris, and Jean Charles Jarry, Director -...
Expert views
by our experts Laurent Chabot, Co-Head of Infrastructure Finance, Paris, and Jean Charles Jarry, Director - Infrastructure Finance, London, at Societe Generale
Modular Construction: Transforming the Construction Industry
More results google link