Background
Trade finance products are among the most demanded in banking practice. The possibilities of IBEC to play the role of both an exporter's bank and an importer's bank make it possible to take full advantage of their strong sides.
IBEC has extensive experience in implementing transactions using trade finance products with financial institutions from different countries (both local and international). We will help you select and structure the product that best meets the requirements of your counterparties. The main condition is participation in the transaction of a resident of the IBEC member country (as an exporter or importer). At the same time, the bank has the opportunity to work on the corresponding products not only in hard currency, but also with the currencies of the member countries of the Bank.
Products
Trade-related loan
Trade-related loan can be used to make advance or recurring payments under an import contract or for pre-export financing of an exporting client.
Documentary letters of credit
The Bank carries out all operations with export and import letters of credit on behalf of partner banks, including confirmation, discounting, post-financing, as well as opening a letter of credit in favor of your clients — exporters.
Guarantees
IBEC issues guarantees / counter-guarantees both to support foreign economic activity and as part of the implementation of local transactions / projects.
Irrevocable reimbursement undertaking
Carried out on behalf of the issuing banks within the framework of letters of credit issued in favor of confirming / executing and financing banks.
Forfaiting
If there is a limit on a financial institution, IBEC is ready to participate in forfaiting transactions within the framework of letter of credit operations.
Financing under ECA insurance coverage
It is possible to consider medium-term and long-term transactions, implement large investment projects and foreign trade contracts of your clients using credit insurance mechanisms and other instruments from local ECA.
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Business process
Loan Products (Target trade loan)
01
Application to IBEC (indicating the type of instrument, amount and term of the operation, details of the participants)
02
Analysis of the application, indicative terms and conditions, request for more documents (if necessary)*
03
Negotiation of indicative conditions, provision of documents (if requested)
04
Execution of a general agreement on financing and an application for a targeted trade loan
05
Loan granting
* If the limit for the borrower is not set, the Bank is provided with the necessary set of documents (including financial) to carry out the procedures for setting the limit. To determine the final date of the loan, it is necessary to take into account the time spent on setting the limit.
Documentary products
01
Application to IBEC (indicating the type of instrument, amount and term of the operation, details of the participants)*
02
Analysis of the application, indicative terms and conditions, request for more information (if necessary)**
03
Negotiation of indicative conditions, provision of information (if requested)
04
Deal implementation
* On letters of credit, applications from both banks of importers and banks of exporters are considered for the implementation of transactions to take risks to banks of importers.

** If the limit is for the bank, then the procedures for setting the limits are carried out upon receipt of the necessary set of documentation (including financial) for carrying out the procedures for setting the limit. To determine the final date of the transaction, you need to take into account the time spent on setting the limit.
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