| Credit title |
Bank guarantees, bills of credit and factoring operations provision at the expense of own means |
| Credit amount |
By convention |
| Credit aim |
For the participation in tender (competitive) auctions and payment against the invoice of deliverer versus documents of title presentation |
| credit period |
up to 90 days |
| Interest rate |
Commission for bill of credit opening – 0.2 – 0.5% of sum, while factoring operations discount sum makes not more than 20% |
| Requirements to pledge |
Satisfaction of bank requirements subject to acting legislation |
| Other |
The main condition of factoring provision is the absence of payer’s (client’s) delayed payable bill |
