International business
Financing of import-export activity
JSCB “Novikombank” provides short-term (up to 1 year) and long-term (up to 7 years) financing of external-economic activity of Bank’s clients. Financing is provided via instruments of documentary business within credit lines opened in favour of Novikombank by foreign financial institutions:
- Letters of credit in foreign currency, including confirmed by first-rated foreign banks;
- Letters of credit nominated in Russian rubles;
- Stand- by letters of credit, including confirmed by first-rated foreign banks;
- Bank guarantees, including customs- and counter-guarantees;
- Documentary collection and bank check collection.
Using documentary business instruments and trade financial engineering the Bank arranges financing of:
- Import operations;
- Export operations;
- Refinancing of existing contracts, or parts thereof;
- Trading with official dealers of foreign companies.
Benefits for Buyer:
- ability to keep working capital unengaged and to increase business liquidity;
- attraction of foreign capital particularly using of letters of credit lets obtaining financing on more favorable conditions (on average by 30 basis points lower) in comparison with common financing;
- risk reduction of goods non-delivery, as payment under LCs is made only against providing of documents confirming fulfillment of seller’s contractual obligations to the financing bank;
- guarantee that the goods are delivered in accordance with the stock-list, terms and other conditions set forth in the letter of credit;
- interest for seller in due fulfillment of contractual obligations;
- ability to guarantee credit worthiness to the seller and demonstrate the possession of advanced financial instruments that, under certain circumstances, can provide discounts for buyer;
- guarantee of payments legality and opportunity of official confirmation of contract costs and 100% payment confirmation;
- maximum reduction of international political, national and legal risks pursuant to the using of Uniform Customs and Practice for documentary credits;
- flexibility of letters of credit allows to use different schemes thus ensuring the implementation of complex commercial contracts;
- Free seminars and trainings for counterparties of Novikombank.
Benefits for Seller:
- reduction of nonpayment risk on delivered goods: payment is guaranteed by issuing bank, and in case of LC confirmation - by confirming bank;
- ability of revenue receipt straight after goods shipment;
- guarantee of payment receipt irrespective of regulations acting in buyer’s country at the moment of LC issuing;
- guarantee of payments legality and ability to officially confirm contract cost and evidence of 100% payment;
- legal and documentary protection of the parties.
For all questions relating to realization of documentary operations, you can get free advice from our experts in the international department of Novikombank. We provide essential recommendations in respect of payment conditions of foreign trade contracts, as well as the best forms of payments, fully protecting client’s interests.
Active cooperation of the Bank with foreign counter-agents, wide experience of the bank’s specialists at all mentioned areas, positive outlook of the Bank according to the leading rating agencies, competitive offers for a wide range of international products, open and fully transparent way of dialogue with client - these are just a few components of successful cooperation of the Bank with its clients.
Examples of transactions:
Should you have any questions please do not hesitate to contact us:
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Elena Shirinskaya |
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Nadezhda Lesovaya |
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Stella Danielova |
