More facts
Direct Collections - a check list to avoid problems
When you are using the Direct Collection on our web-based Trade Finance Net Services, i.e. export collections sent directly by yourself to the buyer’s bank for account of Nordea but without passing Nordea, there are a few things we would like you to pay special attention to due to international and national sanctions and other restrictions:
| heading | heading |
|---|---|
| Worldwide | All Iranian banks |
| Lebanon | Syrian Lebanese Commercial Bank |
| Myanmar | All banks |
| Nicaragua | Central Bank of Nicaragua |
| North Korea | All banks |
| Sudan | All banks |
| Syria | All banks |
| heading | heading |
|---|---|
| World wide |
All Iranian banks or their affiliates such as Arian Bank, Afganistan; Mellat Bank SB , Armenia; Bank Melli Iran ZAO, Russia; Banco Intenacional de Desarrollo CA, Venzuela |
|
Bahrain |
Future Bank |
| Germany |
Europäisch-Iranische Handelsbank |
| Iran | All banks |
| United Kingdom |
Bank Sepah Intl., Bank Melli Plc, Persia International Bank Plc |
| Algeria* | All banks |
| Turkey | HSBC |
|
Venezuela |
Banco Intenacional de Desarrollo CA |
Collections to above countries/banks should be sent as Regular collections through Nordea.
*) Only DC as payment method is acceptabe for amounts exceeding approx. EUR 1,000.
Contact your Trade Finance Adviser for more information.
Some countries and banks are still not used to receive direct collections, so if you are not certain about the position of the foreign bank you intend to use, please contact your Trade Finance Adviser. You can find the address at nordea.com/tradefinance.
As the sanctions and restrictions in force internationally and in certain national regulations (e.g. in the USA) are frequently changed, we cannot guarantee that the list above is conclusive and updated at any time. Accordingly, we disclaim any responsibility should it not be complete.
