Documentary collections

Please send us an email to tradefinance@unicreditgroup.zaba.hr or akreditivi@unicreditgroup.zaba.hr.

If you plan to do business or additionally expand your existing operation in the international market, inform yourself about potential risks in import and export. We will be happy to assist you in choosing the best business solutions for your international operations.

In case of documentary collection the bank does not examine the documents and does not assume an independent payment obligation, i.e., the risk of default by the buyer remains with the seller, unlike the documentary letter of credit, where the bank examines the documents and the agreed terms and conditions of the letter of credit, and, provided that all the terms and conditions are fulfilled, effects the payment. Find out more about documentary letter of credit and download our guide Documentary and guarantee business.

Opening a nostro (export) documentary collection requires submission of the documents that you wish to send for collection together with the order for sending of documents for collection, by post or personally to the address Zagrebačka banka d.d., Documentary letters of credit and collections, Samoborska 145, 10090 Zagreb. After processing of your request, we shall send the documents to the foreign bank of your partner for collection, and upon the receipt of funds we shall transfer them to your account.

The customary international practice is for documentary collections to be governed by Uniform Rules for Collections - URC issued by the International Chamber of Commerce in Paris. The rules currently valid are URC 522, implemented since 1 January 1996.

We can offer you adequate security instruments, among which the most frequently used ones in the international market are banking guarantees, documentary letter of credit and documentary collections.

You can download our guide Documentary and guarantee business.

The choice of instrument depends on your needs and type of business. Our specialists are at your disposal for all your questions. Contact us at tradefinance@unicreditgroup.zaba.hr.

You can arrange with your business partner payment by means of a loro (import) documentary collection, i.e., sending the documents through your partner’s bank to Zagrebačka banka. Upon receipt of the documents, we shall contact you in order for you to review the documents before you make a decision to settle the payment. 

You can arrange with your business partner import (loro) documentary collection using a bill of exchange, i.e., with the instruction 'documents against acceptance of a bill of exchange' (abbreviated D/A). You will come into possession of documents when accepting the bill of exchange, i.e., before the agreed maturity of the bill of exchange (the usual practice is deferral of 30, 60, 90 or 180 days from delivery), and you will pay at bill of exchange maturity or agreed term of payment. Deferral of payment will enable you to improve your liquidity, while your partner will have the bill of exchange as payment security.