How to prepare a Bill of Exchange for collection transactions and inquiry regarding "PAY TO" entry

Since this is my first transaction after opening the business, I was told by the bank that I cannot proceed with negotiation of shipping documents and must use the collection method instead. When preparing a Bill of Exchange, I am wondering whether I should write the bank branch name in the "PAY TO" field or our company name. Also, I saw that the Bill of Exchange template is available as a PDF on the bank's website; I would like to know if it is okay to transfer that template into Word or Excel to complete it.