Encashment

Encashment

 

Encashment - the transfer of commercial documents by the Supplier to the buyer in exchange for the receipt of documents for payment. If you are engaged in export or import, encashment is a convenient type of settlement for you. With the encashment product of your bank, you can more easily carry out your settlement operations by transferring money from the buyer for goods / services.

The main advantages of our encashment product are:

- The interests of the parties are protected.

- The buyer does not pay without providing supporting documents for the provision of goods / services.

- Encashment documents are not submitted to the buyer until the buyer accepts the documents for payment.

- The operation is carried out in accordance with international rules.