Documentary Collections

Despite the fact that this form of payment today is losing its popularity, giving credit, but it is regulated by uniform rules of the International Chamber of Commerce and finds its application in international payments, including within the letter of credit when the documents submitted which provided a letter of credit shall be paid on the basis of collection. Pravex conducts all operations provided by documentary collection, acting as the remitting bank, the bank collects and / or bank representing. The warranty. The presence of international rules on safeguards, which clearly define the nature of documentary guarantees and unify the inter-bank procedures in connection with them, provides a strong incentive to use this form to ensure commitments Pravex provides for the guarantee operations in the domestic Ukrainian regulations and in international format. Effective work Pravex in documentary business provides: an extensive network of interbank relations, a high level of hardware and software; individual approach in each case, a flexible tariff policy, professionalism of the bank. Category: Financial Management