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Medium- and Long-Term Finance
Basic conditions:
- Tenor: medium-term – up to 3 year, long-term – from 3 to 7 years.
- Minimal amount: from $ 3 mln.
- Maximal amount: undefined.
- Credit rate: from 5% per annum (fixed interest rate based on CIRR, or variable rate based on 6M LIBOR or similar rate).
- Advance payment: in the amount not less than 15% of commercial contract amount and sometimes possibility of financing the advance payment.
- Amount of financing: up to 85% of the contract amount is guaranteed by ECA.
- Credit repayment: by equal semi-annual installments during the credit period, advance repayment – semi-annually.
- Collateral: pledge of inventory holdings, including those being purchased, Bank's clients guarantees.
- Equipment or services, guaranteed by ECA should originate mainly from the ECA country (generally, about a half of the export contract amount).
- Additional opportunities: purchase of equipment with its assignment to the balance of an authorized leasing company – Absolut Leasing.
What is to be done to receive financing:
- Agree the terms and conditions of transactions with the Trade Finance Department:
+ 7 495 777-71-65
Sergey Petrov
Natalia Alekseeva
- Complete the “Borrower’s Questionnaire”
- Submit information for the loan analysis in accordance with the “Minimum List of Documents Required for Consideration of a Client’s Application”
- Complete as required:
“Letter of Credit Application/Application for Amendment of Terms and Conditions”
“Payment Guarantee Form”
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