you need a respite for payment or trade credit
prepayment (advance payment) for the values supplied
the counterparty requires letters of credit calculation
the solvency of your counterparty
sure the contractor in proper execution of the obligation’of commitment on your part (quantity and quality of goods and services)
Or paying late/partial payment for goods delivered/services rendered
the Maximum reduction of the time interval between the moment of shipment of goods (provision of services) and the receipt of revenue
Failure (change in conditions) by the buyer from the order without the consent (permission) of the seller
the Possibility of obtaining short-term financing.
the possibility of increasing the volumes of supply, promotion of goods (services) into new markets, gaining competitive advantage
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
elimination of the risk of getting fake commitments’liabilities or obligations’commitments issued to non-existent Bank
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.)
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)
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
— extra obligations comtments of payment of the letter of credit, open another first-class Bank
— 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
— 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
— 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)
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