Export Documentary Collection | UBB | United Bulgarian Bank

Exchange rates

as of 03/07/2020 17:00:59

Cash payment

Non-cash payment

Selling rate

1.96000

1.95900

Buying rate

1.94850

1.95000

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.78050

1.77750

Buying rate

1.69850

1.70150

BNB fixing

1.74254

Cash payment

Non-cash payment

Selling rate

2.23262

2.22762

Buying rate

2.10762

2.11162

BNB fixing

2.17025

Cash payment

Non-cash payment

Selling rate

1.88401

1.87901

Buying rate

1.79801

1.80301

BNB fixing

1.84113

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Export Documentary Collection

Export Documentary Collection

UBB handles your export documents according to your written instructions and send them to the buyer’s bank.

Advantages

Lower expenses for banking
For extra protection purposes, namely that the goods will not be released until payment of the amount under the documents, the documentary set may also include a Bill of Lading
Provides the payer with greater security than the settlement through a fund transfer in foreign currency
Transaction-related documents will be released only after payment of the amount under those
Good solution for trade partners with already established relations and trusting each other
This service is supported by the Uniform Rules for Collections – publication № 522 of the International Chamber of Commerce (ICC), Paris.

How does it work?

As an exporter you ship goods, for which you prepare a set of commodity disposal documents. These documents, accompanied with collection instructions, are being submitted with UBB for handling and then sent to your partner’s bank
While following your instructions we send the documents to the collecting bank for their subsequent processing and delivery to the buyer
Depending on the instructions, the collecting bank will deliver the documents to the payer after payment of the value under those, against acceptance / written commitment for payment on the maturity date, or without payment
The Bank does commit to pay the exporter. The payment depends on the buyer’s willingness to acquire ownership of the goods and on his/her/its solvency.

Useful documents

Fees and commissions tariff of United Bulgarian Bank applicable to business clients General terms of UBB AD on payment services for business clients Documentary Collection Application Application of Documentary Colleciton Amendment Declaration Statement

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Import Documentary Collection

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Products For Large Corporate Clients

Aimed to finance large-scale projects through the entire product range of UBB. Applicable to implementation of large and key investment projects.