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Area of application:

  • Purchase and sale of real estate
  • Purchase and sale of land plots
  • Management of housing stock exploitation (utility)
  • Wholesale and retail trade
  • Purchase and sale of shares
  • Purchase and sale of participatory interest
  • Production, agriculture, construction.

Pricing:

  • In accordance with the Bank's catalogue of tariffs for trade finance transactions performed in Russia.

Terms of provision:

  • Availability of a settlement account opened with the Bank

for the L/C issue:

  • Provision of the L/C application and copy of the contract/agreement
  • Formation of the L/C cover (using proprietary or loan resources) or making an agreement on the issue of an uncovered L/C with the Bank.

What for?

  • Making payments under the contract/ agreement/ transaction with the maximum protection of interests and reduction of risks (including non-payment and non-delivery risks)
  • For the buyer: If proprietary funds are unavailable, the ability to obtain loan resources from the Bank to make a contractual payment (for the purposes of formation of L/C coverage) under special (preferential) conditions.

Advantages and opportunities:

For the buyer:

  • Confidence that the payment shall be made only against the actual shipment of goods (performance of work/provision of services)
  • Guarantee of delivery of goods of proper quality and completeness within the time limits stipulated by the contract
  • Possibility of buying products at a more profitable purchase price
  • Thorough and professional inspection of L/C-related documents by the banks
  • Possibility of a significant reduction of prepayment under the contract.

For the seller:

  • Guarantee of payment before the shipment of goods
  • Prompt receipt of earnings
  • Receipt of earnings irrespective of the buyer's intent
  • Receipt of earnings before the receipt of goods.

In addition to the said service, we offer you the opportunity to use the TFiDO product (TFiDO - trade financing and trade finance transactions) without tying up your own resources or borrowing - 'Uncovered letters of credit within the risk limit for the client'.

Contacts

Moscow Bank - Trade Finance Operations Department

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