Documentary letters of credit #17 | Raiffeisen Bank Aval Documentary letters of credit #18 | Raiffeisen Bank Aval
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Documentary letters of credit

The feasibility of using letter of credit

Documentary letters of credit | Raiffeisen Bank Aval
The need for deferral

you need a respite for payment or trade credit


Documentary letters of credit #2 | Raiffeisen Bank Aval
The need for advance

prepayment (advance payment) for the values supplied

Documentary letters of credit #3 | Raiffeisen Bank Aval
The calculation of letters of credit

the counterparty requires letters of credit calculation

Documentary letters of credit #4 | Raiffeisen Bank Aval
There is no certainty

the solvency of your counterparty

Documentary letters of credit #5 | Raiffeisen Bank Aval
Doubts about counterparty

sure the contractor in proper execution of the obligationof commitment on your part (quantity and quality of goods and services)

The benefits of using

Documentary letters of credit #6 | Raiffeisen Bank Aval
Addressing the risk of non-payment

Or paying late/partial payment for goods delivered/services rendered

Documentary letters of credit #7 | Raiffeisen Bank Aval
Saving time

the Maximum reduction of the time interval between the moment of shipment of goods (provision of services) and the receipt of revenue

Documentary letters of credit #8 | Raiffeisen Bank Aval
Eliminate the risk of failure (change in conditions)

Failure (change in conditions) by the buyer from the order without the consent (permission) of the seller

Documentary letters of credit #9 | Raiffeisen Bank Aval
Wide opportunities

the Possibility of obtaining short-term financing.

Documentary letters of credit #10 | Raiffeisen Bank Aval
The possibility of promotion

the possibility of increasing the volumes of supply, promotion of goods (services) into new markets, gaining competitive advantage

Documentary letters of credit #11 | Raiffeisen Bank Aval
Addressing the risks

Elimination of credit risk, payment obligations’commitments from the Bank(s) to make payment for goods delivered/services rendered without the seller accurate information about the financial condition of the buyer and the credit relations

Documentary letters of credit #12 | Raiffeisen Bank Aval
Eliminating the risk of counterfeiting

elimination of the risk of getting fake commitments’liabilities or obligations’commitments issued to non-existent Bank

Documentary letters of credit #13 | Raiffeisen Bank Aval
Multifunctionality

a letter of Credit can be opened at the expense of own means of the buyer, Bank credit, and by giving the buyer another enforcing its liabilities’commitments (pledge, Deposit etc.)

Documentary letters of credit #14 | Raiffeisen Bank Aval
To protect the quality of

the Buyer may defer payment until the documentary is not confirmed the appropriate quality of the product and upload it in full to a designated place (the payment is made after shipment and delivery of documents)

Documentary letters of credit #15 | Raiffeisen Bank Aval
Full protection of the interests

the Buyer determines the list of documents against which payment will be performed, restricts the time of submission of documents and shipment of goods

experience shows that select form of payment and financing transactions dioptimalkan when referring to the Manager of Raiffeisen Bank Aval, or to the regional center of documentary business signing of contract

Documentary letters of credit #16 | Raiffeisen Bank Aval
Documentary Letter of Credit Tariffs
To revise the tariffs

Letters of credit transactions

The letter of credit confirmation

— extra obligations comtments of payment of the letter of credit, open another first-class Bank

Opening of letter of credit

— provide the issuing Bank by order of applicant (Bank's customer) obligations for which the Bank undertakes to make payment to the supplier of goods or services or entrusts to another (performing) to the Bank to make this payment against documents that comply with the conditions of the letter of credit

Advising of letter of credit

— official notification of the Bank about opening, change, cancellation of letter of credit or other communications received by the Bank on paper or by using interbank financial channels communication

The execution of the letter of credit

— implementation of Bank verification of documents under the letter of credit provided by the payee, and the payment of the amount of the letter of credit for proper submission of documents. If the documents do not meet the conditions of the letter of credit execution of the letter of credit is subject to the Bank's receipt of the consent of the applicant for payment of documents with discrepancies or not done at all (at the discretion of the buyer)

Contacts

Trade Finance and Factoring Department

trade.finance@aval.ua
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