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CPD finance online courses e-Learning CPD for accountants

Online management, finance and business courses to suit your learning needs, budget and schedule. As well as the merit of their content, courses can count as structured & verified, CPE / CPD for accountants.

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Business Finance CPD Online Course Description

Documentary Collections

Documentary Collections


On completion of this tutorial, you will be able to:

- describe how documentary collections facilitate payment in international trade
- outline the requirements of the key sections of the ICC’s Uniform Rules for Collections (URC)

Tutorial Overview

Documentary collection is a service provided by banks to sellers (exporters) involved in international trade. To some extent, you can think of a documentary collection as an international ‘cash on delivery’ method of payment. The buyer either pays for goods at delivery or gives an undertaking to pay for them in the future by signing an enclosed draft or bill of exchange. However, there are a couple of crucial distinctions between a typical cash on delivery transaction and a documentary collection.

This tutorial describes how documentary collections work, distinguishes the different types, outlines the role of the parties involved, and lists the benefits and drawbacks of this method of payment. It also explains the Uniform Rules for Collections (URC), the internationally recognized rules covering collection operations for documentary collections.

Prerequisite Knowledge
Trade Finance – An Introduction

Tutorial Level: Introductory

Registration Information

This short online course can be purchased individually or as part of the following discount scheme(s).


Once purchased, you will have access to this course for 365 Days.

Cost: 40.00   VAT*   Add to cart

Duration: 1 hours CPD units: 1.00

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