Trade financing

Financial product, representing a written irrevocable commitment undertaken by the Bank for payment by order of a client-orderer to a beneficiary of a certain amount, in case of non-fulfillment of obligations.

Form of payment in which the bank undertakes an irrevocable commitment to make payment for goods and services in favor of the beneficiary, according to the documents and terms provided in the letter of credit.

Documentary collection, which is divided into two types - export collection and import collection, is a form of payment when presenting the required documents.

Financial product for working capital, which represent transferring to the bank of incurred receivables of corporate clients from their counter parties for a fee.