Collections
COLLECTIONS
CLEAN OR DOCUMENTARY COLLECTION
The Collection Service is a method of payment that uses the presentation of any obligation, promissory note, bills of exchange, shipping documents or other title of values, in order that said document be paid or accepted. All commissions and expenses are paid by the client.
In this area, the service of sale of any type of European currency is given (Yens, Euros, pound sterling, etc.).
Modalities
- Exportation collections: Through this method, BICSA carries out collection procedures with the shipping documents for the exports made.
- Importation collections: Through this method, BICSA carries out the presentation of shipping documents for importations done to local purchasers, receiving them from banks and suppliers of any part of the world.
Rate: | 0.50% of the amount Minimum: US$25.00, Maximum: US$100.00 |
payment by Telex: | US$20.00 |
Rate: | 0.50% of the amount Minimum: US$25.00, Maximum: US$100.00 |
Payment by telex: | US$15.00 |
Notification of Overpayment: | US$10.00 |
Benefits
- Wide experience in the handling of foreign trade operations
- Security.
- Prompt and personal attention.
- Low costs.
- Additional financing in the case of obtaining a Line of Credit
Requirements
- Legal capacity that was issued not more than one month ago and is authenticated by a Notary.
Further information
To obtain further information on Clean and Documentary Collection – Private 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.
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 Documentary 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 Documents of Credit.
- A request to open a Letter of Credit which can be obtained on the Internet.
Further information
To obtain further information on Letters of Credit – Private Banking, write us at this email and one of our executives will communicate with you.

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