Documentary Collections

Documentary Collections

We promise tailored solutions in our customer’s best interest and in accordance with the latest international rules and regulations by the Central Bank of Iran. 

We offer payment methods that minimize payment risk while accommodating your needs.

Through a documentary collection, the exporter entrusts the collection of the payment by the remitting bank and will release the documents to the collecting bank in exchange.

The collection may require a bill of exchange (draft) based on the CBI rules, which makes the importer to pay the face amount either at sight or on a specified future date.

MEB plays an essential role in a documentary collection by controlling the flow of documents and influencing the satisfaction of a transaction and accelerating the procedures for those well-established businesses to assist with the customs clearance.