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FOREIGN TRADE PRODUCTS

COLLECTIONS


Clean or Documentary Collection

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.

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
  • Discount of drafts.
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.


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


Como complemento al servicio tradicional de comercio exterior (trade finance) y con el objetivo de ofrecer valor adicional a la cadena comercial de nuestros clientes, BICSA incorpora a su portafolio de servicios la negociación de compra y venta de moneda extranjera a través de su mesa de FOREX. Mediante este servicio nuestros clientes no solo ejecutan sus operaciones de comercio exterior con la apertura de una carta de crédito o cobranza sino que al mismo tiempo BICSA les provee de la moneda necesaria para el pago o reembolso de la misma. Asimismo BICSA les brinda una serie de productos en moneda extranjera como lo son: compra venta de monedas spot o a plazo (forward), manejo de cuentas corrientes, transferencias internacionales, recibo de remesas y depósitos a plazo.

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.

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 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

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.

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.

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.

FOREIGN TRADE FINANCING


Financing of Foreign Trade Activities

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 medium and long term 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.

  • Stand by letter of credit. Document that backs up international financing.

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.