BUYING AND SELLING OF CURRENCIES

BUYING AND SELLING OF CURRENCIES


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.

TRUST

¿WHAT IS A TRUST?


What is a Trust?

It is a judicial act, by means of which a person called the TRUSTOR (client), passes to a TRUSTEE (BICSA), the title to one or more property or rights, so that the latter uses them to obtain a goal that is legitimate and predetermined in the constituent act, to the benefit of a third party called the BENEFICIARY.

Who is involved in a Trust?

The persons that are involved in the trust are:

  • The Trustor: A physical or judicial entity that consigns the goods or rights turned over to the Trustee and of which he has control.

  • The Beneficiary: A physical or judicial entity that benefits from a trust.

  • The Trustee: Banco Internacional de Costa Rica S.A. is charged with the reception of the goods of the Trustor to use them in the way agreed upon in the constituent act of the Trust Contract.

Advantages

  • Healthy administration.
  • Attractive yields.
  • Security
Trusts offered by BICSA

ADMINISTRATIVE TRUST


In the Administrative Trust, the Trustee (BICSA) functions as an administrator and advisor of the Trustor (Client) investing and administering the goods held in trust, in such a way that a better benefit for the parts is obtained.

Benefits

  • Healthy Administration
  • Security
  Requirements

  • A letter addressed to BICSA, requesting the services of the Administrative Trust.
  • General Data of the physical or judicial entity requesting the trust.
Further information

To obtain further information on Administrative Trusts, write us at this email and one of our executives will communicate with you.

GUARANTEE TRUST


The applications of this Trust are many and generally they are used in those transactions in which the payment of a sum in the buying and selling of goods, is not carried out immediately, but is done in a partial manner or when it is to guarantee a credit. The assets of the a Trust can be made up of movable or immovable property.

Benefits

  • It is an operation that gives great flexibility for both parties, when it deals with obtaining credit or for the purchase of goods.
Requirements

  • Copy of the judicial identity card of the company.
  • Legal capacity of the company, that was issued less than a month.
  • Evaluation of the property.
  • Copy of the cadastral plan.

Further information

To obtain further information on Guarantee Trusts, write us at this email and one of our executives will communicate with you.

INVESTMENT TRUST


The Investment Trust is that trust operation whose goal is to make possible the participation of an individual investor, in the benefits obtained from carrying out large scale investments, through a professional administration of portfolios.

These trusts are instruments that permit the participation of small and medium size investor in the administration of collective portfolios.

The Trustee has the obligation to assure adequate structures of liquidity, profitability and security in order to achieve the greatest benefit for the Beneficiaries.

The resources that make up these funds are used to negotiate and acquire titles guaranteed by determined public and private emissions, which have been authorized by the General Administration of Values (SUGEVAL),

Benefits

  • Professional and specialized handling of liquidity.
  • Diversification of investment risks.
  • Access to investments that are normally restricted to large capital, thus reducing administrative costs.
  • Attractive yields.
  • Immediate availability of funds.
Requirements to open an Investment Trust in US dollars or colons (Certificate of Legal Capacity)



  1. Fill out the confidential information formula.

  2. To register the signatures of the person authorized to withdraw funds from the Investment Trust.

  3. Copy of the valid identity cards of the authorized persons.

  4. Sign a Trust Contract.

  5. Deposit as a minimum $1,000.00 (one thousand dollars net) for trusts in that currency and ¢300,000 (three hundred thousand colons net) for trusts in colons.

  6. Banking references, if any.

  7. Copy of the judicial identity card of the company.

  8. Certification of the legal capacity of the company, that is no older than one month, where the identity of the person a GENERAL POWER OF ATTORNEY is given.

  9. A copy of the By-laws of the company.

Requirements for opening an Investment Trust in Colons (Physical person)

  1. Fill out the confidential information document (FCSC).
  2. To register the signatures of the persons authorized to withdraw funds from Investment Trust.
  3. Copies of a valid identity cards of the authorized persons.
  4. To sign the Trust Contract.
  5. To deposit a minimum of ¢300,000.00 (three hundred thousand net colons).
  6. Banking references, if any.
Further information

To obtain further information on Investment Trust, write us at this email and one of our executives will communicate with you.

OTHER TRUST


Since a trust is a wide and flexible operation, that permits realizing a great diversity of goals and applications, we are best able to analyze your needs in this field to give you assessment.

Further Information

To obtain further information on Other Trusts, write us at this email and one of our executives will communicate with you.