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Short-Term Finance
Short-term financing of international trade means a loan or a credit line, opened by a foreign bank to the Russian importer/exporter or Bank for financing of clients' foreign trade contracts.
Basic conditions:
- Tenor: up to 2 years (refinancing up to __ years is possible).
- Minimal amount: undefined.
- Maximal amount: undefined.
- Bank's rate: from 3% per annum (depends on deal conditions).
- Collateral: pledge of inventory holdings, guarantees of our clients.
We offer the following types of short-term financing:
- refinancing of letters of credit with payment at sight;
- discounting of letters of credit with deferred payment;
- special purpose loans, refinanced by foreign financial institutions;
- the possibility of issue and discounting of Bank's and its clients' promissory notes with Bank's aval (forfeiting).
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