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Pension program
You do not have to queue on at the post-office or to wait for your pension at home for the whole day — we offer you to receive pension at PRAVEX-BANK. You have just to address the Bank and you will be able to receive pension at any time and any point of Ukraine.
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Documentary operations
Documentary operations
For corporate clients
Documentary letters of credit
- Types of documentary letters of credit
- Tariff for documentary Letter of credit
- Main terms on documentary letters of credit
"PRAVEX-BANK" PJSCCB offers perspective cooperation in the field of trade operations with the use of documentary letters of credit, which will substantially help to decrease risks and increase profitability of your business.
Task of the Bank is to minimize your risks of both international and domestic trade, to help you to reduce expenses and raise profits on contract, to optimize payment date for goods.
Documentary letter of credit- is a form of settlement, when issuing bank by order of client (applicant) undertakes to perform payment to funds recipient (beneficiary) against due presentation of documents, compliant with the terms of letter of credit.
"PRAVEX-BANK" PJSCCB offers its clients services on opening and/or servicing of all kinds of letters of credit.
Your advantages in settlements when using letters of credit of "PRAVEX-BANK" PJSCCB:
- low price of letter of credit as compared to made gains from its performance;
- optimal choice of business financing method both by seller (exporter) and buyer (importer);
- mutual advantage of the participants of the relations concerning purchasing discipline and delivery of goods;
- evidence of your company reliability through cooperation with the first class banking establishments of different countries;
- recommendation of "PRAVEX-BANK" PJSCCB with the purpose of optimization of deal conditions.
•For seller (exporter)
- reliability of payment performance and quicker gain obtaining ;
- minimization of risk of nonpayment for selling goods, as payment is guaranteed by the Bank and not by the Buyer;
- additional payment guarantee under confirmation of letter of credit by Intesa Sanpaolo Bank or by other first class foreign bank.
•For buyer (importer)
- no advance payment (prepayment) to seller;
- payment performance only after fulfilling of all liabilities by the Seller (shipment of goods, documents drawing etc.);
- availability of commercial loan (delay of payment) obtaining from seller, when received goods can be sold before payment date and settle accounts with him without own funds using;
- allows to confirm solvency and to demonstrate to partners own competence in the field of organization of settlements on commercial deals;
- allows to optimize payment conditions in settlements for goods purchased.
Within the period of opening till completion of settlements on letter of credit, "PRAVEX-BANK" PJSCCB supports the whole operation, performing it in accordance with the Bank's rates.
•For seller (exporter)
- preliminary advice of letter of credit (if required);
- advising of letter of credit (rendering of full terms of letter of credit);
- acceptance letter of credit(if required);
- transfer of letter of credit to other beneficiary (for transferable letters of credit);
- verification and sending of documents;
- accepting of documents for payment with inconsistency ( in case of letter of credit performance).
•For buyer (importer)
- preliminary advice of letter of credit (if required);
- opening of letter of credit (including securing of settlements implementation for unsecured letters of credit);
- change of the terms of letter of credit;
- execution of letter of credit, verification of documents, including accepting of documents with inconsistencies;
- transfer of letter of credit to other beneficiary (for transferable letters of credit);
- cancellation of letter of credit prior to the expiration of its validity term.
Taking into account details and rather complicated mechanism of documentary letters of credit, Documentary Business Office advises clients on all their matters of concern. Contact telephone number: +380 44 521 04 16