Collection means that you give the documents to be collected to your bank, fill in a power of attorney, and write down your customer's information clearly, including the customer's name, the receiving bank and swift, and the documents to be paid. If the customer wants a draft, you must also provide a draft;

The letter of credit depends on whether you are an exporter or an importer. If you are an exporter, you have to wait for your customer to open a letter of credit, and you have to provide documents according to the documents required by the letter of credit and hand them over to your bank; If it is an importer, it means that you open a letter of credit to the other party, that is, fill out an application form for opening a letter of credit from the issuing bank, provide an import contract at the same time, pay a deposit in the bank and wait for the letter of credit to be opened.