The revolving line for opening a letter of credit allows you to use a letter of credit as one of the safest payment methods in foreign trade because it protects the interests of both sellers and buyers.
Revolving line conditions
- Line amount: According to the client's needs and creditworthiness
- Line currency: EUR, USD, CHF, RUB
- Calculation of interest in case of delay: In accordance with the contract.
- Fees: Fees are calculated and charged in accordance with the Bank's tariff, namely:
- in advance, one time
- quarterly, in advance and on the last day of the current quarter for the next quarter
- Security instruments: Depending on the client's creditworthiness, the requested security instruments can be: Promissory notes, Joint debtors, Mortgage, Deposit, Pledge, Pledge on receivables, Guarantees, Other type of security.
