Import Bills of Exchange

Payment instruments intended for entrepreneurs and companies for cashless payment of the obligations of a domestic debtor towards a foreign creditor.

Benefits

A bill of exchange allows you to postpone payment for the period that you agree upon with the supplier.
It allows you to spread out obligations according to your financial capacities.
You can arrange early repayment of a bill of exchange with the supplier, or agree on postponement of the maturity of the bill of exchange.

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Foreign bills of exchange

The unconditional order of an issuer (creditor) to a drawee (debtor) to pay a certain financial sum on a certain day and at a certain place to an authorised person (with the authorised person generally being the issuer himself, occasionally another person),
Sample foreign bill of exchange (31,8 kb) - attached sample with no legal obligation on the part of the bank whatsoever.

Promissory note

An obligation of the issuer (debtor), with which he promises to pay an agreed financial sum to an authorised person on a certain day and at a certain location,
Sample promissory note (43,5 kb) - attached sample with no legal obligation on the part of the bank whatsoever.

This is a payment and a credit instrument of a long-term nature defined in its essential particulars defined by law (Bill of Exchange and Cheques Act No. 191/50 Coll. - for notes issued in the Czech Republic):

we provide consultation and advice prior to the conclusion of a deal, we can recommend a suitable form of note,
through us you can offer creditors early repayment or request postponement of payment,
should you agree on postponement of payment with the creditor, we can, at the request of the creditor, ensure the exchange of the original note for a new note with postponed maturity.

Terms of Use

Notes are issued according to the agreement made with the creditor of the debtor/importer to the credit of a foreign supplier/creditor as a promissory note. The debtor/importer may also except a foreign bill of exchange issued by a supplier/creditor.

Bills of exchange issued in the Czech Republic must have all of the essential particulars set forth in the Bill of Exchange and Cheque Act no. 191/50 Coll. If the note is issued in countries that are signatories to the Geneva Convention, it should include similar particulars. When issuing a bill of exchange we can provide the client with expert consultation.

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