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Guarantee operations
Stand-by Letters of Credit

Stand-by Letters of Credit is inherently a bank guarantee with a more protected list of mechanisms that regulate and confirm the authenticity and legitimacy of the requirement.

The feasibility of using if

The legislation of the country of your counterparty prohibits the form of payment guarantee
The counterparty requires a settlement form – a stand-by letter of credit

The benefits of using

Stand-by Letters of Credit | Raiffeisen Bank Aval
Eliminating the risk of non-payment

Elimination of the risk of non-payment/delayed payment/partial payment for goods delivered/services rendered

Stand-by Letters of Credit #2 | Raiffeisen Bank Aval
Eliminating the risk of failure

Eliminating the risk of refusal (changing conditions) of the buyer from the order without the consent (permission) of the seller

Stand-by Letters of Credit #3 | Raiffeisen Bank Aval
Increased supply volumes

Ability to increase volumes of supplies, promotion of goods (services) to new markets, gaining competitive advantage

Stand-by Letters of Credit #4 | Raiffeisen Bank Aval
Reserve letter of credit

A standby letter of credit can be opened at the expense of the buyer's own funds, a bank loan, and also by providing the buyer with other security for meeting its obligations (pledge, deposit, etc.)

Stand-by Letters of Credit #5 | Raiffeisen Bank Aval
The possibility of deferred payment

The buyer has the opportunity to postpone the payment until the relevant documents indicate that the goods are shipped in full and appropriate quality to the specified place (payment is made after the shipment of the goods and the provision of documents)

Contacts

Trade Finance and Factoring Department

trade.finance@aval.ua
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