Trade Finance

Rosbank is one of the leading Russian banks in the field of documentary services and trade finance. We provide comprehensive services for clients' commercial contracts in Russian and international markets in a part of export-import operations.

Rosbank offers unique terms for the support of foreign economic activity:

  • Documentary letters of credit in Russian rubles and foreign currency with the addition of confirmation and financing at favorable rates from foreign banks. Different types of bank guarantees in Russian rubles and foreign currency.
  • Professional expertise in the field of trade finance in Russian and international markets.
  • Individual solutions adapted to the needs of the parties by contract.
  • Structuring of transactions and consulting services in order to minimize risks under trade finance agreements.
  • Trade Finance
    Opening of various types of letters of credit
  • Trade Finance
    Execution of letters of credit, verification of documents, payment
  • Trade Finance
    Confirmation of letters of credit opened by other banks in favor of Russian and foreign beneficiaries
  • Trade Finance
    Notification of beneficiaries about opening letters of credit of other banks in their favor, payment reception and verification of documents, making payments in favor of beneficiaries

Letters of credit on the territory of the Russian Federation

Maintaining a balance of interests of buyers and sellers on the territory of the Russian Federation when using the letter of credit method of payment and financing trade operations without the unnecessary diversion of money from circulation.

 

Letters of credit concerning Import

Ensuring the interests of the buyer and seller in the import calculations.

  • High rating of the bank and the ability to use the credit lines of correspondent banks and the parent bank to confirm letters of credit.
  • Reducing the risk of a commercial transaction by making a payment only after receiving documents that state shipment of products / service delivery.
  • Reliable instrument to cover payment risks for the seller.
  • More favorable terms of a commercial transaction - lower purchase prices and longer payment terms under the contract - in comparison with an open account or collection.
  • Legal protection in connection with subordination of a letter of credit to unified rules and conditions for documentary letters of credit.
  • Attracting short- and medium-term (up to 5 years) financing of foreign trade transactions at favorable rates of foreign banks.

Letters of credit concerning Export

Exporters Support via advising, execution, confirmation (if necessary), and granting a deferment of payment within the framework of a letter of credit opened by a foreign bank in favor of a supplier of products from Russia.

  • The possibility of receiving payment by the beneficiary immediately after the shipment of products and the provision of documents to the executing bank.
  • Minimizing the risk for the buyer of the product, due to the condition that the payment is made only after the documents confirming the proper execution of the contract are received.
  • The ability to promote Russian products to international markets by increasing the working capital of the buyer. Absence of advanced payments and attraction of financing within the framework of the letter of credit.
  • Existence of risk limits set for foreign banks in various geographies.

Letters of credit concerning Export

Exporters Support via advising, execution, confirmation (if necessary), and granting a deferment of payment within the framework of a letter of credit opened by a foreign bank in favor of a supplier of products from Russia.

  • The possibility of receiving payment by the beneficiary immediately after the shipment of products and the provision of documents to the executing bank.
  • Minimizing the risk for the buyer of the product, due to the condition that the payment is made only after the documents confirming the proper execution of the contract are received.
  • The ability to promote Russian products to international markets by increasing the working capital of the buyer. Absence of advanced payments and attraction of financing within the framework of the letter of credit.
  • Existence of risk limits set for foreign banks in various geographies.
  • For you
    All types of guarantee obligations, counter-guarantees and reserve letters of credit in rubles and foreign currency on behalf of principals - bank clients (legal and individual entities, financial institutions, residents / non-residents)
  • Guarantee
    Signature Certification of authenticity of other banks guarantees
  • Trade Finance
    Submission of a payment request against bank guarantees
  • Trade Finance
    Notification of Russian and foreign beneficiaries of the issuance of other banks guarantees in their favor
  • Trade Finance
    Account Crediting of the beneficiary funds received against the guarantee

Types and subjects of guarantees:

  • Guarantees of performance of obligations under contracts (including guarantees of return of an advance payment, payment guarantees, guarantees of performance of obligations during a warranty period).
  • Tender guarantees.
  • Guarantees and sureties in favor of the tax authorities of the Russian Federation.
  • Guarantees in favor of customs authorities of the Russian Federation.
  • Guarantees provided in court as counter providing ("judicial guarantees").
  • Guarantees in favor of IATA / ASMAP, JSC Aeroflot.
  • Guarantees of mandatory and voluntary offers, etc.

 

Main advantages:

  • Ensuring the fulfillment of obligations enacted by counterparties under concluded commercial contracts.
  • Reception of advanced payments from buyers / clients as partial financing of a commercial transaction.
  • Ensuring participation in tenders, occasionally as part of consortia with the foreign companies participating, obtaining lucrative orders in the domestic and international markets.
  • Ability to receive final settlement before the end of the warranty period under the contract.
  • Saving of monetary resources in connection to the replacement of the cash deposit.
  • Ability to use the right to credit (refund) the amount of tax declared for reimbursement in a tax return before the desk tax audit is completed.
  • Deferral customs payments.
  • Servicing in the Russian Federation and around the world.
  • Flexible pricing.
  • Conveniently
    Optimization of international payments via using documentary letters of credit
  • Trade Finance
    Additional payment guarantee by the issuing bank for the executing bank
  • Trade Finance
    Confirmation and financing of documentary letters of credit issued by other banks

The issuance of irrevocable reimbursement obligations by the bank on behalf of / authorized by the issuing bank to pay the reimbursement required amount under the unified rules for interbank reimbursement (the publication ICC 725).

Interbank reimbursement is a mechanism for organizing reimbursement of funds for the executing bank paid under the letter of credit by filing a claim for reimbursement to a third party by the reimbursing bank. The reimbursing bank, in turn, requires compensation for the money paid from the issuing bank.