Description of the instrument: raising funds from international financial institutions for pre-export financing of Russian companies.

Procedure for obtaining the service:

• Current business analysis of a company, its financial status, evaluation of a pledge.
• Approval of payment mechanics with a supplier, preparation of payment conditions under the agreement.

Stages of Pre-export financing:

• Entering into the Export Agreement (documentary L/C is a customary way of payment)
• Opening of a L/C by the Purchaser
• Financing of Promsvyazbank by an international bank
• Loan provided by Promsvyazbank to the exporter
• Shipment and furnishing of documents to Promsvyazbank
• Payment of funds under the L/C
• Loan repayment by the exporter to Promsvyazbank
• Loan repayment by Promsvyazbank to the foreign bank.

Advantages:

• Funds for export transaction;
• Risk deduction
• Documents necessary to perform the transaction: Agreement with a supplier and shipment documents (if required).
• Financing tenor up to 1 year
• Minimum transaction amount USD300,000