Update 18 November 2020
Trade finance
Provision of (postfile) trade finance services
Terms of trade financing services:
ФTrade 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
