Foreign Currency Futures Purchase
Foreign Currency Futures Purchase
BICSA offers its clients the Free Market through which they can consult and cash checks, buy and sell foreign currency, issue bank drafts, deposit to checking accounts, transfer funds both locally and abroad in an appropriate manner. , both for the Bank and for the client.
Benefits
- Trust
- Security
- Efficiency
- Amiability
- Timely and personalized attention
- Minimum waiting time
- Low costs
Requirements
- Foreign Currency Purchase and Sale Request Agreement.
- Opening of current account in USD.
Further Information
To obtain further information on Foreign Currency Futures Purchase, write us at this email and one of our executives will communicate with you.

Foreign Trade Financing
FOREIGN TRADE FINANCING
BICSA has developed short and long term financial products and services, aimed at companies that carry out the production and exportation of goods and services, allowing them in that way to complete and to position their products in the markets of the region.
Types of Financing
-
Purchase of shipping documents. Loans with foreign resources for your exportation operations, whether they are pre or post shipping.
-
Financing of importation. Loans to importing clients in order to finance their importation operations once the shipping documents have been negotiated and once the financing terms of the provider has lapsed.
-
Financing pre-shipping exportation. Loans to exporting clients for the purchase of supplies and/or for the manufacturing of the products that they are going to export.
-
Financing of post-shipping exportation. Loans to exporting clients once the merchandise to be exported has been shipped.
Benefits
- Flexibility in financing terms that minimize the impact on the company’s cash flow.
Requeriments
- Audited financial statements (2 years).
- Copy of the Articles of Incorporation or Legal Certificate and its latest changes.
- Bank references.
Further information
To obtain further information on Financing of Foreign Trade Activities – Corporate Banking, write us at this email and one of our executives will communicate with you.

Documentary Credit
DOCUMENTARY CREDIT
The Documentary Credit Service is a method of payment by means of which one can cover the purchase of good and services. In this type of service, the bank acts on behalf of the purchaser, guaranteeing the seller the payment of a sum of money in an established period in the commercial operation, against the reception of shipping or service documents, which comply with the terms and conditions established by the buyer.
Modes
-
On Demand: When the shipping documents, as well as any other document
requested by the importer, have been presented. The confirming bank
pays immediately, provided the documents comply with the terms of
the credit. -
On terms: Against the delivery of shipping documents which the exporter
sends to the bank, the bank delivers a document which obliges the payment
of the value of the letter of credit in a pre-determined period, provided the
documents comply with the credit terms. -
Stand-By: At the request of the purchaser, the bank guarantees compliance
of obligations contracted by the purchaser to the favor of a beneficiary. In
case of non-compliance, the payment will be made upon the presentation of
the documents required by the purchaser. This mode is more versatile and
can guarantee any type of transaction such as a purchase or sale of products
and services. In addition, it can guarantee several transactions in a determined period with less costs in relation to the letters of credit and exportation and importation.
Benefits
-
Our operations are carried using the SWIFT system.
-
Flexibility, for its great diversity of types of commercial operations
and services, as much local as international. -
Additional financing that BICSA offers if such is necessary for the
specific operation, which allows your company to minimize cash flow. -
Peace of mind, because of the guarantee that the participation of
BICSA lends to the transaction. -
The Letter of Credit gives a guarantee to the seller, because a bank is involved in the commercial operation.
-
This is a completely flexible instrument, which adapts itself to the conditions of the commercial operation or services.
Requirements
-
A qualified credit line in order to open Letters of Credit.
-
A request to open a Letter of Credit which can be obtained on the Internet.
-
To request International if it is complete and if it can provide a copy
of the requesting form.
Further information
To obtain further information on Documentary Credit – Corporate Banking, write us at this email and one of our executives will communicate with you.

Emission of Banking Guarantees
EMISSION OF BANKING GUARANTEES
In BICSA we offer Banking Guarantees to assure compliance of an obligation by a third party, but only when the agreed upon conditions made at the moment of writing up the document are complied with. A banking guarantee for the most part is used with Government Institutions to warrant specific projects.
Benefits
- To request the information from the respective department for Corporate Banking.
Requirements
- To request the information from the respective department for Corporate Banking.
Further information
To obtain further information on Emission of Banking Guarantees – Corporate Banking, write us at this email and one of our executives will communicate with you.

Collections
COLLECTIONS
The Collection Service is a method of payment used by many exporters by means of the presentation of financial documents (bills of exchange, promissory notes, checks and other similar instruments) or commercial documents (invoices, shipping documents, title documents and other similar documents) in order for such documents to be paid or accepted by the issuer or importer.
At BICSA we offer the following collection modalities:
- Import Collection: through this process, BICSA makes the presentation of the shipping documents for imports made by our customers, which are received from banks and suppliers from anywhere in the world, offering the following commissions for this service:
Tariff: | 0.25% of the amount Minimum: US$50.00 Plus other applicable charges. |
- Exportation Collection: for this method of payment, BICSA has a great network of Correspondent Banks around the world, which facilitates the processing of documents with speed and security.
Tariff: | 0.25% of the amount Minimum: US$50.00 Plus other applicable charges. |
- Clean Collection: is the process of obtaining payment on a check drawn against another bank. In this process there is no delivery of any representative document of merchandise.
Tariff:
Tariff: | Minimum: US$30.00 Plus other applicable charges. |
Benefits
- Wide experience in the handling of foreign trade operations
- Security and confidentiality.
- Prompt and personal attention.
- Low handling costs.
- Additional financing in the case of obtaining a Line of Credit
- Possibility discount of drafts.
Requirements
- Legal status with no more than one month issued and authenticated by a lawyer.
- Original Public Registry Certification valid for no more than 6 months.
Further Information
To obtain further information on Clean and Documentary Collection – Corporate Banking, write us at this email and one of our executives will communicate with you.

Forex
FOREX
As a complement to the traditional foreign trade service (trade finance) and with the aim of offering additional value to our clients’ commercial chain, BICSA incorporates into its portfolio of services the negotiation of the purchase and sale of foreign currency through its trading desk. FOREX. Through this service, our clients not only execute their foreign trade operations with the opening of a letter of credit or collection, but at the same time BICSA provides them with the necessary currency for payment or reimbursement. Likewise, BICSA offers a series of products in foreign currency, such as: purchase and sale of spot or term currencies (forward), management of current accounts, international transfers, receipt of remittances and term deposits.
Benefits
- Trust
- Security
- Efficiency
- Amiability
- Timely and personalized attention
- Minimum waiting time
- Low costs
Requirements
- Foreign Currency Purchase and Sale Request Agreement.
- Opening of current account in USD
Further information
To obtain further information on Forex, write us at this email and one of our exectutives will communicate with you.

Connected is easier
SUBSIDIARIES
Este sitio web está optimizado para navegadores Google Chrome, Mozilla Firefox, Safari y Microsoft Edge en versiones actualizadas.
|
You cannot copy content of this page