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Trade finance

Provision of (postfile) trade finance services

Terms of trade financing services:

Trade finance: Financing foreign trade contracts on import of goods not prohibited by the law at the expense of foreign banks


Amount of trade finance Facility term of trade finance Commission fee
part of the import contract payables under the condition of a letter of credit. 12 months 10-12%

Objects of trade finance:

  • In order to purchase equipment
  • In order to purchase vehicles

Basic terms of Trade finance services:

  • Trade contracts must be based on a certified letter of credit.
  • Term of trade finance mast be up to 12 months (Principal are paid quarterly)

Types of collateral for trade finance service:

  • Building (real estate)
  • Vehicles (special means of machinery)
  • Guarantees
  • Insurance policy

Required documents:

  • Application
  • Business plan or feasibility study
  • Financial reports
  • Documents of collateral

 

Documents for pledge:

  • Property Valuation Report
  • Special passports of property
  • Stockholders’ Statement of pledge agreement

 

Documents for guarantees of third party:

  • Financial reports of guarantor enterprise
  • Audit reports
  • Stockholders’ Statement of agreement to guarantee
  • Constituent documents (certificates, charter, founding documents)

 

Documents for Insurance policy:

  • Insurance contract and policy

 

Reliable users of service:

  • Participants of foreign trade

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