Documentary collection provides the supplier assurance regarding the delivery of the goods, and the importer assurance regarding implementation of the pre-agreed method of payment.

NBG has a wide network of correspondent banks in every market, acts as a fiduciary and intermediary between the importer and their supplier’s bank, delivers the bills of lading pursuant to the order of the sending bank and provides for the timely payment of their value or the legal acceptance and payment of a debt instrument. Furthermore, NBG is the bank of choice of the foreign correspondent banks due to its longstanding relationship with key global financial institutions.