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Documentary Collections:
Bank acts as intermediary between the importer and exporter on a documentary collection basis to control the exchange of documents and reduce payment risks when selling on open account. Since there is no guarantee of payment from the bank, documentary collections can be more risky than an L/C or cash in advance.
Documentary collections can be either incoming or outgoing. Pacific Western Bank offers different types of collections that can be tailored according to your needs.
PWB has a network of correspondent banks overseas and is an active member of worldwide bank network SWIFT. Pacific Western Bank's SWIFT code is FNSDUS6D.
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