Background
Trade-related loan to finance a client’s export or import contract.
Trade-related loan can be used for making advance or regular payments under an import contract, as well as for pre-export financing of an exporting client. Provided as part of a general financing agreement with further execution of a SWIFT transaction. Loan repayment in a lump sum or in tranches. It is possible to apply a floating or fixed interest rate.
Product features

Advantages

The speed of loan extension
In case of signed General Agreement on Financing and a set limit on the bank, the terms of the transaction approval may take about 3-5 days.
Comfortable credit arrangements
Unsecured (within the bank limit) financing is provided under the General Agreement on Financing with the further execution of each transaction by SWIFT
Terms of provision
Participation of a resident of the IBEC member country in the transaction (as an exporter or importer).
Presence of an established limit for the borrowing bank (in case of no limit set, IBEC may carry out procedures to set the limit).
Conclusion of the General Agreement on Financing with IBEC.
Provision of a copy of the foreign trade contract for which financing is provided, as well as accompanying documents (depending on the terms of the transaction - copies of invoices, shipping documents, payment documents, if the target trade credit is provided to reimburse previously incurred costs).
Conducting compliance procedures for the transaction and the parties of the transaction, incl. on the exporter and importer.
Operations schemes
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