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Home / Products and Services / Corporate Banking / Trade Finance / Short-term Import Finance

 

Import Deliveries of Goods and Raw Materials

Absolut Bank makes payments in major world currencies and receives real-time information on any funds credited to the accounts.


Short-term Import Finance (Documentary Transactions)

Trade finance of imported goods, services and raw materials is generally a short-term finance of foreign transactions (documentary transactions).

Advantages of Absolut Bank Short-term Finance

  • Low costs of borrowed funds due to off-balance financial instruments
  • Selection of the best payment method under the agreement
  • Possibility of payment deferrals for the delivered goods
  • Risk of non-delivery or delivery of low-quality goods minimized
  • Credit risks mitigated due to no advance payments
  • No funds depositing required for FX purchase
  • Vast expertise of Absolut Bank in foreign transactions
  • Absolut Bank's partnership with world leading financial institutions
  • Flexible approach to every customer

Standard Terms

Instruments Letters of credit, stand-by letters of credit, guarantees
Period Up to 12 months – inventory collateral required
Up to 24 months – real estate collateral required
Amount min. USD 500,000 or equivalent in another currency
Loan currency USD, EUR, CHF, RUB
Interest rate min. 4.5% per annum + LIBOR/EURIBOR/MOSPRIME
Repayment schedule The principal is repaid at the end of the period. Interest is paid monthly/quarterly.
Security Goods in stock, road vehicles, equipment, real estate (min. 20% discount). Pledge of goods or bills of lading, Bank's promissory notes or other liquid collateral is required under certain conditions.
Time-to-yes min. 15 business days
Borrower requirements Satisfactory financial standing as per the Bank's methodology.

The borrower may obtain trade-related finance from the Bank's counterparties if the following requirements are met:

  • The borrower has an agreement signed with an authorized Russian dealer of a foreign producer or its Russian subsidiary
  • The borrower has an agreement signed with an intermediary (integrator)
  • The borrower has an agreement signed with a foreign producer

Contacts in Structured and Trade Finance Department:

phone: +7 495 777 71 65
Olga Zakhartseva
Julia Chaykina
Natalia Bolgova

 

 
SMS-banking service

Spotlights

In 2010, Absolut Bank won the prestigious EFFIE/THE BEST BRAND award. The prize was awarded for the advertising concept “The Bank That Understands” and the subsequent communications campaign.
Absolut Bank ranked 8th among banks in profit. According to the research “Top 500 profitable banks in Q1 2011” by the RBC Rating news agency, as of 1 April 2011 the Bank’s profit amounted to RUB 2.59 bn.
In VI Competition “The best service quality 2010” Absolut Bank took the 5th place among the best customer service providers.
 

Our contacts:   

 

   Call center +7 495 777-71-71; E-mail address info@absolutbank.ru

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