Export collection

In established trade relations the export collection is a common method of payment in which the buyer and the seller divide trading risks.

The export collection is recommended when you want to ensure payment or acceptance of a draft according to the agreed terms before the buyer receives the documents entitling to possession of the goods. When you use export collections Nordea's wide international network is at your disposal.

To make export collection routines easier Nordea offers to its corporate customers an electronic service, i.e. Trade Finance Net Services.

If you allow your buyer time for payment, negotiate with Nordea on how to finance your receivable.

The export collection is also used for cashing cheques issued by private persons or companies.

For further information on the practicalities of export collections contact a Nordea branch or the Trade Finance unit.