Clean Collection

Clean Collection

Clean Collection in International Trade

Meaning of Clean Collection, according to the Dictionary of International Trade (Global Negotiator): A letter of instructions to a presenting bank accompanied by a draft and often invoices, but not accompanied by any document restricting possession or ownership of the relevant goods. This is the opposite ofo documentary collection.

A letter of instructions accompanied by a cheque drawn on a bank located outside the clearing range of the payee's country's banking system.


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