A transfer or Payment Order is a request from the Ordering Party (importer) to their Bank, through the intervention of an intermediary—usually in another country, to pay the Beneficiary (exporter) a specified amount.
An international payment method in which Banco Interatlântico, through a letter of credit, commits to paying, accepting, or negotiating a transaction, provided the beneficiary presents the required documents and the terms and conditions set by the ordering party are fully met.
Documentary Collections are transactions in which the seller sends the documents representing the goods sold through the bank as a means of ensuring payment.