Documentary Collection

Additional guarantees for your business under transactions

Documentary Collection

Additional guarantees for your business under transactions

To learn more

Would you like to be sure in the success of transaction? Is your company an exporter or an importer?

Priorbank offer opportunities and assistance of highly qualified collection staff who are ready to handle all and any transaction difficulties.

Your Purposes:

  • You are a seller

    You are provided with a guarantee that the documents to the buyer will be handed over only in exchange of payment for the goods. You do not need to bother with how to receive cash.

  • You are a buyer

    There is no need in advance payments, you pay only based on the documents, which guarantee the goods delivery pursuant to the contractual terms and conditions.

 

The list of fees and commissions applicable for Priorbank Documentary collection1,5

 

№

Operation

Fee/Commission in BYN4

Fee/Commission in the foreign currency2,3

1

Client’s documents acceptance for documentary collection

0.15% from the payment amount,
minimum - 110 BYN, maximum - 1110 BYN

0.15% from the payment amount,
minimum - 30 EUR, maximum - 300 EUR

2

Amendment to documentary collection order based on Client’s instructions to the bank

185 BYN

50 EUR

3

Tele-transmission message fee

18,50 BYN

5 EUR

1. Fees and commissions under documentary collections shall be payable before the 10th day of the month following the month of the service rendering.

2. The Fee/Commission can be paid in the documentary collection currency or in other currency (pursuant to the foreign currency legislation) at the exchange rate set by Priorbank JSC for currency exchange operations with the Clients at the payment date, if otherwise is not stipulated by the agreement or on the date of payment by a payer who is not a bank customer.

3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Applicant (Instructing party, Debtor, Beneficiary), the exchange rate of the National Bank of the Republic of Belarus is applied as at the date:
- of accrual (last business day of the month) if the obligation exists, and as at the last day of the obligation, if the obligation terminated;
- of service rendering – for commissions without taking into account the number of days.

4. Including bank documentary collection in foreign currency with payments in Belarusian rubles. When calculating the amount of the fee, expressed as a percentage of the amount in foreign currency, the conversion into Belarusian rubles is carried out at the official rate of the Belarusian ruble at the date of the provision of the service established by the National Bank of the Republic of Belarus in relation to the corresponding foreign currency

5.The cost of third parties services (post, courier service, etc.) involved in the aforementioned operations are not included in fees/commissions and shall be additionally paid by the Client upon the Bank's request.

 

The list of fees and commissions applicable for Bank Documentary collection of other banks1,5

 

№

Operation

Fee/Commission in BYN4

Fee/Commission in the foreign currency2,3

1

Client notification

 

 

1.1

- about receiving documentary collection order

185 BYN

50 EUR

1.2

- about amendments to documentary collection order

110 BYN

30 EUR

2

Payment under the documentary collection (in case Priorbank is a collecting bank and conducts the payment to remitting bank)

0.15% from the payment amount,
minimum - 110 BYN, maximum - 1110 BYN

0.15% from the payment amount,
minimum - 30 EUR, maximum - 300 EUR

3

Accomplishment of documentary collection order

0.15% from the payment amount,
minimum - 110 BYN, maximum - 1110 BYN

0.15% from the payment amount,
minimum - 30 EUR, maximum - 300 EUR

4

Documents transfer without payment or acceptance, return of documents

0.1% from the payment amount,
minimum - 110 BYN, maximum - 1110 BYN

0.1% from the payment amount,
minimum - 30 EUR, maximum - 300 EUR

5

Tele-transmission message fee

18,50 BYN

5 EUR

1. Fees and commissions under documentary collections shall be payable before the 10th day of the month following the month of the service rendering.

2. The Fee/Commission can be paid in the documentary collection currency or in other currency (pursuant to the foreign currency legislation) at the exchange rate set by Priorbank JSC for currency exchange operations with the Clients at the payment date, if otherwise is not stipulated by the agreement or on the date of payment by a payer who is not a bank customer.

3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Principal (Instructing party, Debtor, Applicant, Beneficiary), the exchange rate of the National Bank of the Republic of Belarus is applied as at the date:
- of accrual (last business day of the month) if the obligation exists, and as at the last day of the obligation, if the obligation terminated;
- of service rendering – for commissions without taking into account the number of days.

4. Including bank documentary collection in foreign currency with payments in Belarusian rubles. When calculating the amount of the fee, expressed as a percentage of the amount in foreign currency, the conversion into Belarusian rubles is carried out at the official rate of the Belarusian ruble at the date of the provision of the service established by the National Bank of the Republic of Belarus in relation to the corresponding foreign currency.

5. The cost of third parties services (post, courier service, etc.) involved in the aforementioned operations are not included in fees/commissions and shall be additionally paid by the Client upon the Bank's request.