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.