Credit line
A revolving type credit product, with multiple drawings and reimbursements during the creditting period, within the available ceiling.
Features
- Destination: Granted to legal persons, customers of the bank, upon request, for commercial receivables in foreign currency with a non-resident commercial partner, which will be purchased from their first owner (the exporter), arising from the sale of goods or the provision of services, materialized under an export letter of credit with payment on term; depending on the requirements of the customer, for performing any payments, in compliance with the legal provisions
- Currency: foreign convertible
- Financed amount: the nominal value of the export letter of credit with payment on term
- Maturity: determined according to the conditions of the letter of credit, without exceeding one year after the date of financing
Documents
- export letter of credit with payment on term
- copies of the documents remitted under the letter of credit
- copy of the letter of internal remittance to the customer
- copy of the letter of external remittance of the documents
- copy of tested swift message for confirming payment on maturity, received from the issuing bank for letters of credit residing with the issuing bank
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