K&H documentary collection

a classic international payment arrangement whereby the exporter submits the shipping documents along with a collection order for prompt or deferred payment

  • this payment method offers less security than a letter of credit but is simpler and less expensive
  • the involvement and influence of the Bank improves importers’ willingness to pay
  • it is not necessary to place the funds at the Bank’s disposal in advance
Please do not hesitate to contact the Trade Finance team of our Bank via e-mail on tradefinance@kh.hu email address or by calling +36 1 328 2654 !


While documentary collection is not a banker’s security, the involvement of banks in the process improves the chances for a successful collection of the receivables.

types of documentary collection

if the client does not enclose the commercial documents with the payment documents

“clean” collection

if the client encloses the commercial documents with the payment documents

documentary collection

if the seller delivers directly to the buyer’s address when shipping the goods

open collection

if the buyer obtains a right of disposal over the goods only upon paying the collection amount

vinculated collection

if the buyer pays when the documents are presented

D/P (documents against payment) collection

if the Bank releases the documents against the buyer’s promise for deferred payment (bill of exchange) instead of the payment of cash

D/A (documents against acceptance) collection

who might be interested?

  • those having incomplete information regarding their trading partners
  • sellers who need a payment method that is more secure than a simple bank transfer
  • those who export to politically and economically stable countries


crystal-clear services – export collection

transparent, reliable and accurate payments

  • processing collection orders the same day - the Bank will process the incoming export documentary collection orders and forward them, along with the necessary documents, to the foreign buyer’s bank on the day of submittal if the order and the documents are received by the Bank’s Documentary Unit by 12 noon. The Bank pays compensation if performance is delayed due to some error on its part.
  • processing payments received in either 24 hours
  • customised expediting procedures



General Terms and Conditions
General Contracting Terms and Conditions applicable to payment and deposit services provided to corporate clients
Announcement for Corporate Clients
This information does not constitute an offer, its sole purpose is to raise awareness.  A detailed description and terms and conditions of the product, service can be found in the relevant client agreement, the General Contracting Terms and Conditions applicable to payment and deposit services provided to corporate clients, the General Terms and Conditions, and the effective Announcement for Corporate Clients, which can be viewed under 'documents' on this page. The Bank reserves the right to change terms and conditions. The Bank handles collections in accordance with the current revision of the International Chamber of Commerce publication 'Uniform Rules on Collections' (URC522), the Geneva Convention on Bills of Exchange and the relevant laws and regulations.