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Foreign trade finance transactions are different from ordinary loans. The main purpose of using trade finance instruments is not only provision of credit resources, but also mitigation of risks of the parties involved in a commercial transaction.
At optimal wording of the terms of the letter, the buyer can be sure that the product will be paid only after delivery (if the contract does not provide for advance payments) and only if the conditions of the contract are met.
The popularity of trade finance instruments in international practice is due precisely to the fact that they allow companies to increase the efficiency of using their own funds without diverting resources from their working capital.
Eurasian Bank arranges financing for its importing customers under foreign trade contracts with settlements through a confirmed documentary letter of credit. Funding is provided for the full amount of the letter of credit or part of it. At the same time, in order to reduce client costs, the Bank uses cheaper financial resources of foreign banks.
Under this scheme, it is possible to delay payment within the framework of a letter of credit at a reduced rate.
Information updated on 10.10.2011
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