Clients often find documentary collections a useful middle ground between the greater security and fees associated with Letters of Credit and the lower cost of open account transactions. Bank Leumi USA has the expertise to handle all kinds of import and export documentary collections from any part of the world, and does so on a daily basis in a most professional, efficient and expeditious manner.
We’re one of the very few banks that combine import and export activity with clean collections, helpful to businesses that deal in less common forms of payment. From checks that cannot be readily deposited through the Federal Reserve System, to documents received from non-U.S. correspondents, to promissory notes, traveler’s checks and trade acceptances. Our expeditious handling assures that funds are collected, processed and placed in customer accounts as quickly as possible.
All collections are handled in accordance with the international standards of ICC-UCP 522.
For more information please call: (212) 626-1075. |
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