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Bills for collection

Get more flexibility as a merchant trading internationally with bills for collection. Apply now through the BOV Trade Finance Centre.

Choose the right bills for collection option for you

Choose from our range of bills for collection, including outward bills for collection, bills negotiated facility, and more.

Get your <em>bills handled by BOV specialists</em>

Get your bills handled by BOV specialists

Our team handling bills for collection are specialists. Get peace of mind that your process is always handled professionally and efficiently.

Opt for <em>security and peace of mind</em>

Opt for security and peace of mind

Ensure your collections are handled with the highest level of confidentiality by our Trade Finance specialists.

More details

What are bills for collection?

Bills for collection are negotiable instruments ensuring that there is no ambiguity in the payment amount or the time at which the payment is to be made on exporting and importing operations.

What types of bills for collection are there?

Here are the most common types of bills for collection:

Outward bills for collection

Bills negotiated facility

Discounting

Inward bills for collection

Details

Bills for collection	Definition
Outward bills for collection	Outward bills for collection are also known as bills for collection abroad. If you are an exporter wishing to entrust BOV with the collection of your export receivables with bills for collection, you will provide us with a set of commercial documents that the importer requires to claim the merchandise and clear it through customs.The documents are submitted together with instructions on how the documents are to be released. Subject to the fulfilment of other conditions.See the bills for collection overview for more details.
Bills negotiated facility	If you are an exporter seeking post-export financing against your exports, you may be offered a bills negotiated facility. This consists of bank advances against export collections for a period of credit.BOV relies on the party required to make the payment to meet their obligations upon maturity of the bill of exchange, so a security margin is applied on the bill’s face value.See the bills for collection overview for more details.
Discounting	BOV can provide finance against export collection bills when there is evidence of the movement of the related goods and a high probability that they will be paid.If you’d like to make use of this facility, you’ll be asked to provide details about the importer to allow BOV to obtain a status report from the paying party’s bankers.
Inward bills for collection	We provide same service for importers who are BOV customers. If you are an importer who chooses bills for collection to settle your imports, you’ll be asked to provide the counterparty with your banking details in Malta.The supplier may or may not use BOV services to send the documents on collection basis. They may opt to send the documents directly to us, saving them their banker’s fees.See the bills for collection overview for more details.

DOWNLOADABLE RESOURCES

Important documents

Bills for Collection product guide

Bills for Collection application form

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