Trade finance. Credit line from LandesBank Berlin, Germany
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Transcript of Trade finance. Credit line from LandesBank Berlin, Germany
PUBLIC JOINT STOCK COMPANY «ZLATOBANK» , Kyiv, Ukraine 2
Trade finance. Credit line from LandesBank Berlin, Germany
Finance under line is executed in a form of goods for credit without getting the money directly to importer’s account held with JSC “ZLATOBANK”.
The main terms and conditions of credit line of LandesBank Berlin:
According to the conditions of the Basic Agreement LandesBank Berlin, Germany finances the export of goods from Germany to Ukraine under insurance cover of export-credit agency Euler Hermes Deutschland.
was signed the Basic Agreement between LandesBank Berlin, Germany and JSC “ZLATOBANK” concerning the finance of German’s export to Ukraine under insurance cover of export-credit agency - Euler Hermes Deutschland, Germany.
Sum of credit : - min. EUR 250 000,00; max. EUR 5 000 000,00, but not more than 85% from the total sum of contract;
Currency of credit: - EUR/USD; Credit term: - up to 5 years; Repayment condition: - in 10 (ten) equal semi-annual instalments; Interest: - six-month EURIBOR + margin of bank (*); Commissions under credit: - commission for obligations (*);
- commission for a management a credit(*); Exporter: - company - resident of Germany/European Union; Importer: - company - resident of Ukraine; Goods: - any industrial products sourcing from Germany (100%) or
making the productions of Germany not less than 60%; Payment conditions under contract: - prepayment in a sum not less than 15% from the sum of contract;
- issuance of letter of credit in favour of Exporter Insurance premium of Euler Hermes Deutschland: - included in the total sum of contract (*). (*) depends on the particular terms and conditions of the contract
July 04, 2012 -
PUBLIC JOINT STOCK COMPANY «ZLATOBANK» , Kyiv, Ukraine 3
Preconditions of the credit, to be executed by the sides:
issuing the mandate by LandesBank Berlin concerning the conditions of the finance; conclusion of individual credit agreement (ICA) between LandesBank Berlin and JSC “ZLATOBANK”; obtaining the Legal opinion under ICA; getting insurance cover from Euler Hermes Deutschland; registration of Individual credit agreement by the National bank of Ukraine; issuance of letter of credit by JSC “ZLATOBANK” in behalf on Exporter; getting the confirmation about the start point of crediting process from LandesBank Berlin.
Trade finance. Credit line from LandesBank Berlin, Germany
PUBLIC JOINT STOCK COMPANY «ZLATOBANK» , Kyiv, Ukraine 4
Chart of financing under Credit line from LandesBank Berlin, Germany
LandesBank Berlin, Germany
Euler Hermes Deutschland,
Germany
Exporter(company - resident of
Germany/European Union)
Importer (company - resident of
Ukraine)
JSC «ZLATOBANK» Kiev, Ukraine
1. Signing of the contract (purchase and sales contract) between Exporter and Importer;2. Signing of: 2.1. individual agreement (IA) between JSC “ZLATOBANK” and LandesBank Berlin; 2.2. credit agreement between JSC “ZLATOBANK” and Importer;3. Registration of IA in NBU;4. Advance payment in amount of 15% from the total sum of contract (purchase and sales contract); 5. Application for issuance of L/C from Importer;6. Issuance of L/C by JSC “ZLATOBANK”; 7. Advising L/C to Exporter;8. Presentation of the documents under L/C by Exporter to LandesBank Berlin;9. Payment under LC in favour of Exporter;10. Providing the credit to Importer;11. Repayment by Importer + % (in ten equal semi-annual payments)
(* ) Issuance of insurance cover by Euler Hermes Deutschland;.
1.
2.1.NBU
2.2.
3.
5.7. 8. 9. 10.
6.
11.
4.
(*)
PUBLIC JOINT STOCK COMPANY «ZLATOBANK» , Kyiv, Ukraine 5
Tel.: +38 044 495 81 60+38 044 495 81 61
Address: 17/52 B. Khmelnytskogo Str, Kyiv, 01030, Ukraine
E-mail: [email protected]
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