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

Balancing ESG and Treasury priorities in Uncertain Times
Taking sustainability to mean both commercial resilience and environmental and social responsibility, Marie-Gabrielle de...
Expert views
Taking sustainability to mean both commercial resilience and environmental and social responsibility, Marie-Gabrielle de Drouas, Head of Sustainability, Global Transaction Banking, Societe Generale, explores the pressures and prospects for treasurers in this most challenging of times.
Balancing ESG and Treasury priorities in Uncertain Times
Societe Generale and Lombard Odier Investment Managers collaborate to launch a tail risk hedging fund
Institutional investors can now benefit from long-term capital appreciation, particularly during periods of market...
Global markets
Institutional investors can now benefit from long-term capital appreciation, particularly during periods of market stress.
Societe Generale and Lombard Odier Investment Managers collaborate to launch a tail risk hedging fund
Can Europe establish sovereignty in critical raw materials?
As the global energy transition accelerates, the strategic importance of critical raw materials, such as lithium,...
Expert views
As the global energy transition accelerates, the strategic importance of critical raw materials, such as lithium, copper, cobalt, and rare earth minerals, has never been clearer.
Can Europe establish sovereignty in critical raw materials?
More results google link