Discusses the most common methods of payment, such as open account, letter of credit, cash in advance, documentary collections, factoring, etc. Includes credit-rating and collection agencies in this country. Includes primary credit or charge cards used in this country.
Last Published: 2/26/2018

Standard international forms of payment are common in Serbia. Larger importers regularly receive goods under short-term (three months) supplier credit. Long-term financing is available for larger purchases, but it is often difficult to obtain in the current financial downturn. The following instruments are used in Serbia for payments abroad:  remittances, documentary collections, checks, and letters of credit. In 2010, the National Business Registers Agency began providing financial statement data and solvency-related services.

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