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.
  • Rate: 0.50% of the amount
    Minimum: US$25.00, Maximum: US$100.00
    payment by Telex: US$20.00
  • 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$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.

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