Documentary remittances

The exporter ensures the possession of the goods.

Until the importer receives or accepts a bill (letter, exchange, promissory note, etc.).
  • Greater payment collection security.
  • If a foreign customer fails to pay, the exporter has an executive document (i.e., an accepted bill) to claim the payment.

How does it work?

  • You must send to your bank, along with the financial documents (bill of exchange or promissory note), certain commercial documentation proving ownership of the goods in question (bill of lading, transport document, commercial invoice, etc.) with precise instructions to be delivered to the importer against payment or acceptance of the bills. That way, you will not have to transfer ownership of the goods sold to the buyer until the buyer accepts the payment.

    You have a series of advantages (as exporting company): 

    • Ownership of the goods until the moment of payment or acceptance of the bill.
    • Save time by letting your financial institution handle the processing of documents.

    You have a series of advantages (as importing company): 

    • Control over payment.

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  • Obtain liquidity to securely develop your sales plans internationally.
  • Protect yourself against fluctuations in the currency market and access risk management instruments.

     

See more international business information

Be a BBVA customer.

  • At BBVA, we offer you the products and tools you need to help with your international trade transactions.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.
  • At BBVA, we offer you the products and tools you need to help with your international trade transactions.
  • We are leaders in digital innovation working to make your life that bit easier.
  • We believe in doing things a transparent, clear and responsible way.

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