Direct Collections

Alternative for traditional collections

The process of a direct collection is just like that of a regular collection with the exception that you create the collection letter in Trade Finance Net Services and then send the documents directly to the buyer’s bank on behalf of Nordea.

Your benefits with direct collections:

• You can obtain earlier payment
• You can offer credit and/or obtain finance
• ICC rules: the banks involved will act according to the internationally accepted rules of the International Chamber of Commerce