Customer Satisfaction feedback
What kind of a campaign is this?
You chose UniCredit Bulbank or UniCredit Leasing as your financial partner and we will be happy to receive your feedback. Expect to hear from us - via short phone call or e-mail.
Give us FOOD FOR THOUGHT! - Take 3 minutes to share your suggestions, ideas and recommendations with us and expect to see them implemented.
How can I participate?
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If you have signed a contract or conducted negotiations with bank experts in the last 30 days.
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Take 3 minutes to answer a few questions that we will ask you during a short phone call or by e-mail.
Terms and conditions for participation in the campaign
To be a corporate client of UniCredit Bulbank*.
To have signed a contract or conducted negotiations for a contract with the bank and its related companies in the last 30 days, for:
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Credit and other bank products and services
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UniCredit Leasing products
* Corporate clients are legal entities - Bulgarian or foreign companies or companies, registered in Bulgaria, which have more than 50% foreign participation in the ownership, have an annual turnover of more than MBGN 2 and conduct economic activities in Bulgaria.
Export Documentary Collection
What is it?
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The exporter (client of UniCredit Bulbank) ships the goods to the buyer and presents to the bank the documents relating to the goods and their shipment, such as Commercial invoice, Bill of Lading, Cargo insurance, etc., accompanied by a Collection instruction. In the Collection instruction the exporter indicates the full details of the foreign buyer (the Drawee), the buyer’s bank (the Collecting bank), short description and value of the exported goods, full description and value of the presented documents by type and number and conditions under which the documents are to be handed over to the Drawee.
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UCB processes and forwards the documents to the Collecting bank, which is usually the Buyer’s bank, for their handling and delivery to the buyer in accordance with the collection instruction. Depending on the instructions, the Collecting Bank or Presenting Bank releases the documents to the Drawee upon payment of their value, or against acceptance/a written undertaking for payment at maturity, or without payment.
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Under Export Documentary Collections, the bank only receives and passes on documents in accordance with the exporter’s instruction on how the documents should be handled, without assuming any payment obligation towards the exporter. The payment of the documents sent on collection base is dependent only on the buyer’s goodwill and creditworthiness.
Advantages
- A higher level of protection compared to open account transfers
- Lower cost compared to Letters of credit but also correspondingly lower level of security
Whom is it Suitable for?
- Export-oriented companies trading with almost any type of goods
- Exporters dealing with importers that have had previous commercial relations with other terms of payment, such as by letter of credit
How to Apply for the service?
Please consult our Trade Finance Advisory Unit to get more information.
Frequently Asked Questions
Yes, the payment depends solely on the integrity and solvency of the importer.
Up to the point when the importer pays or formally agrees to pay on a specified future date, the documents are controlled by the bank.
No, payment depends solely on the integrity and solvency of the importer.
Yes, with the exception of cases where presentation of a marine Bill of lading is required or documents are passed against acceptance of Bills of Exchange.
Yes, in certain cases with Consent / Order of the exporter.
Request a Call from Our Expert
Bulbank Online Trade Finance Module
Trade Finance module as a part of Bulbank Online is a new functionality for accepting corporate clients’ orders and processing trade finance deals.
The new platform has been developed to ease and speed up the communication, processing and access to real-time information regarding bank guarantees, Letters of credit and Documentary collections by using the advantages of the online tool.
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