Clean Collections:
Checks, promissory notes, drafts and bills of exchange are sent to Regions, which then collects payment.
Documents Against Payment:
Commercial invoices, packing lists, insurance documents or transport documents are presented to Regions for collection to obtain payment.
Documents Against Acceptance:
Set of documents, as described above, accompanying a draft or bill of exchange payable at a future date.
When you utilize Regions Collections Advance, you'll not only receive payment for your receivables, you'll also have access to a unique financial service. Plus it provides importers with an advance, or loan. The amount is based on the receivable you hold from your buyer. Advances up to 80% or more of the amount of the receivable, at competitive interest rates, provide funds to grow your business, purchase more goods or inventory, or conduct additional transactions.
Importer Benefits:
- Improved cash flow
- Offer attractive terms to clients
- Reduce administrative burdens by avoiding in-house collections
Correspondent Bank benefits:
- Strength of Regions' worldwide reputation means collections clout
- Faster collections through SWIFT transactions
- Better rates since Regions has its own accounts in foreign currencies
- Advance amount can be placed under the correspondent bank's existing line of credit
Express Trade LC
Our web-based system, Express Trade LC®, makes it easy and convenient to issue, amend and track letters of credit and collections from virtually any location worldwide.