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Wholesale Banking
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To overview

Documentary collection

Save costs and receive payments faster with ING’s documentary collection solutions. Whether you are an importer or exporter in international trade, our documentary collection provides a streamlined solution and reduces your administrative burden.

Best suited for established and ongoing partnerships in economically and politically stable markets

Cost-effective with fewer banking fees and less paper work

Flexibility for both seller and buyer with quicker payment transaction

Why choose documentary collection as an exporter

  • Better control

    Until you receive payment or accept a future payment date, you retain control over the goods.

  • Higher security

    You get higher security than an open account.

  • Enhanced liquidity

    Receive payments faster from the buyer and enhance your own liquidity.

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    Why choose documentary collection as an importer

  • No advance payment needed

    You can avoid the need for an advance payment, making sure that your credit line is unaffected.

  • Peace of mind on your order

    Assurance that your goods are on their way to the correct port, in good quality and quantity.

  • Safer and more affordable

    Compared to pre-payment, it's a safer option, and it's also less expensive than a letter of credit.

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    How does our documentary collection solutions work?

    • The exporter submits document and collection order via ING
    • Once the collection has been accepted, the importer takes control of the documents and the goods
    • The trade is successfully completed with the importer receiving the goods in the right quantity and quality, while the exporter receiving funds securely
    • ING can assist both importer and exporter as either an remitting bank or a collecting bank

    Trade with confidence with ING

    Discover the flexibility and efficiency of our documentary collection solutions. We are here to safeguard your trade and reduce the risks so you can focus more on business growth. 

     

    Contact your ING representative for more information. 

    Why partner with us

    Our purpose is to empower people to stay a step ahead in life and in business. So whatever your financial needs, whether you are looking to expand and want strategic advice, or just want to make your day-to-day banking more efficient, we are here to support your business ambitions.

    • Serving corporate clients and financial institutions in over 35 countries.
    • We pair local and global insight with sector knowledge with financial expertise.
    • We are ranked as a leader in sustainability and we are included in the FTSE4Good Index.
    • Euromoney

      Best bank for sustainable finance in Central & Eastern Europe

      2024
    • The Digital Banker

      Highly acclaimed best wholesale bank for sustainable finance in Europe

      2024
    • Global Finance

      Best bank for cash management in Central & Eastern Europe and Western Europe

      2024