Financing through Confirmed Letter of Credit
This credit allows your foreign buyer to finance the payment of the obligations on the export contract through a confirmed letter of credit issued by the foreign bank and confirmed by Eximbank of Russia.
The issuance of financing of credit is simple and depends on the following conditions being fulfilled:
- The debtor is a foreign bank issuing the confirmed letter of credit.
- You export or produce non-commodity goods or services
- The portion of the export from Russia (the cost of commodities, materials, manufactured parts, labor and services, produced on Russian territory) must be at least 30% of the overall value of your export contract
We will offer you financing:
- Of up to 100% of the value specified in the confirmed letter of credit
- In rubles (RUB) or another currency specified in the contract
- For up to 5 years
If necessary, we can offer post-financing in a currency different from the currency specified in the confirmed letter of credit.
The credit can be issued according to the contract insuring the confirmed letter of credit, signed by the Insurance Agency EXIAR and Eximbank of Russia.
The entered code corresponds to the non-resource product and meets the requirements of the Bank.
You can get more detailed information from our specialists by phone: +7 495 967-07-67
The entered code corresponds to the tradable commodity and does not meet the requirements of the Bank.
To specify the information please contact the specialist by phone: +7 495 967-07-67
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