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Discounting of Drafts / Bills of Exchange

 

DISCOUNT OF EXPORT RECEIVABLES (INVOICES) WITH RECOURSE TO THE EXPORTER

“Discount” is the financing of invoices generated by a credit sale. The exporter collects the funds at sight and legally assigns the right to collect the value of the invoice to the Bank, but the Bank reserves the right to collect from the exporter if the buyer fails to honor the collection of funds from the bank.

 

We offer this service to exporters in Central America for their sales to other countries in the area and in the United States for sales in Central America.

 

Benefits

  • We provide our customer with a service that fits their needs.
  • We offer personalized service and each customer has an Account Executive who will give the appropriate advice.
  • Dollar financing with terms of 30 to 120 days according to the sales terms agreed upon between the buyer and seller.

 

FACTORING - DISCOUNT OF EXPORT RECEIVABLES (INVOICES) WITHOUT RECOURSE TO THE EXPORTER

“Discount” is the financing of invoices generated by a credit sale. The exporter collects the funds at sight and legally assigns the right to collect the value of the invoice to the Bank.

We offer this service to exporters in Central America for their sales the United States, as well to other countries in the region.


Benefits

  • We provide our customer with a service that fits their needs.
  • We offer personalized service and each customer has an Account Executive who will give the appropriate advice.
  • Dollar financing with terms of 30 to 120 days according to the sales terms agreed upon between the buyer and seller.

 

“FORFAITING”

Forfaiting is a transaction similar to factoring, but usually with longer terms (1 to 7 years), and often used for the acquisition of capital goods.

 

A forfaiting transaction usually takes place when the exporter of capital goods provides credit terms to a buyer (importer) in another country. The exporter discounts the debt instruments, such a draft or promissory note with a bank in the home country (importer) or a bank that has a relationship with the importer..This bank has the choice of keeping the paper (draft or promissory note) to its maturity or sell it in the international markets.

BICSA is interested on Forfaiting transactions if the importer is domiciled in Central America. If the corporation is not a current customer of BICSA, it must be well known in Central America and have at least five years of experience in the same business.

 

Benefits

  • We offer personalized service and long term experience in the region.
  • Financing in US dollars with terms ranging from18 months to 7 years, according to the needs of the company and type of funding needed for this transaction.

For more information:
BICSA Miami Agency - Business Department

Tel. 305.455.3100
E-Mail: Contact here

 

 

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