Collection orders follow the ICC Uniform Rules for Collections (URC 522).
Enter the parties, tenor, and instructions — get a complete collection order instantly.
Remitting bank, drawee, collection type, documents list, and delivery instructions included.
Download as PDF, Word, or plain text for your remitting bank.
Each template includes the URC 522 fields and instructions its type requires.
Documents against Payment (D/P)
The collecting bank releases documents to the drawee only upon payment.
Documents against Acceptance (D/A)
The collecting bank releases documents upon the drawee's acceptance of a draft payable at a future date.
Clean Collection
A collection of financial instruments (e.g., cheques, drafts) without commercial documents.
A documentary collection is a payment method in international trade where the seller (the principal) entrusts the collection of payment to their bank (the remitting bank), which sends the commercial and financial documents to the buyer's bank (the collecting bank) with instructions to release them against payment (D/P) or acceptance (D/A). Unlike a Letter of Credit, the banks do not guarantee payment — they only handle the documents and follow the collection instructions.
URC 522 — the ICC Uniform Rules for Collections — governs documentary collections. It defines the responsibilities of the banks, the types of collections, the handling of instructions, and the liability framework. Because collections are simpler and cheaper than LCs, they are widely used where the trading parties have an established relationship and the risk of non-payment is acceptable.
Discrepia's collection generator produces a complete collection order — remitting bank, drawee, collection type, documents enclosed, delivery instructions, and bank-to-bank instructions — aligned with URC 522, ready for your remitting bank to process.