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.
- 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.
- 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'.
Moscow Bank - Trade Finance Operations Department