Letter of comfort

Document issued by the bank upon customer’s request, for carrying out internal or international business (conclusion of trade operations, awarding of tenders, auctions, financing etc.)

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Advantages

  • Facilitates the conclusion of trade/financial transactions, allowing to capitalize on business opportunities
  • Fast procurement flow
  • Flexibility concerning the template (may be issued under the standard templates of the bank or according to the template requested by the customer)
  • Issued without requiring a credit analysis

Features

  • Issued to corporate customers having a current account open at the bank, for BCR correspondent banks or non-correspondent banks
  • Includes information of general nature (status of accounts, type of company, field of activity, status of loans if relevant), as well as data relating to the financial performance of the customer
  • It is not a commitment from the bank for granting future loans or commitments

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Letter of intent

Document issued by the bank upon customer’s request, used to certify the existence and availability of funds needed to conclude a commercial agreement/transaction, as well as the bank's commitment to provide such funds, under certain conditions.

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Letter of good standing

Document issued by the bank upon customer’s request, used to express the bank's intent/availability to support and develop your internal and international business relationships, under certain conditions.

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