Using Citi as your remitting bank, you can generate direct export collections electronically, sending transaction details directly to us from your office. You can also denominate transactions in any currency.

With Citi’s Export Collections, you can centralise the management of export receivables, track outstanding collections, know when payments are made, and improve reconcilement and administration of your export processing.

Citi’s Export Letter of Credit service handles all aspects of negotiating and receiving payments on your behalf. Because of our extensive proprietary and correspondent bank network and Internet-based information systems, communications are efficient and payments are often faster.

By centralising your export letters of credit with Citi, your administrative efficiency is enhanced. You can receive reports on outstanding transactions and shorten payment cycles.

Citi’s Documentary Import Collections enable you to manage transactions in any currency, centralise import payable information, and receive electronic notification when import documents arrive. You even have the benefit of multi currency import collections. This means that wherever you source your goods, Citi can settle payments promptly in the local currency.

Using CitiDirect® Online Banking, you can initiate letters of credit electronically, easily track the status of your transactions, centralise your company’s letter of credit reporting, and improve administrative efficiency. Local Citi trade experts will work with you and your supplier to provide advice, competitive local terms, and flexible facilities.