Financing via confirmed Letter of Credit from the Russian Export Center
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Financing via confirmed Letter of Credit

Confirmation of the Letter of Credit issued by a foreign bank for settlements under the export contract. Post-financing or discounting could be provided if required
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Description of the service

Eximbank of Russia confirms a Letter of Credit issued by a foreign bank.
The solution allows beneficiary (exporter) and applicant (importer) to arrange settlements through an understandable and comfortable tool: the payment is guaranteed against the documents stipulated by the Letter of Credit.

Funding can be provided:
  • by post-financing (delay in payment compensation);
  • by discounting the payment under the Deferred payment Letter of Credit

How to get the service

  • A foreign buyer enters into an export contract with an exporter
    A foreign buyer enters into an export contract with an exporter
  • Foreign buyer's bank (issuing bank) will issue a letter of credit in favor of the exporter
    Foreign buyer's bank (issuing bank) will issue a letter of credit in favor of the exporter
  • Eximbank of Russia will endorse the letter of credit
    Eximbank of Russia will endorse the letter of credit
  • The exporter delivers goods (works, services) under an export contract
    The exporter delivers goods (works, services) under an export contract
  • Exporter will submit to Eximbank of Russia the letter of credit documents and will receive payment within the period provided for by the letter of credit
    Exporter will submit to Eximbank of Russia the letter of credit documents and will receive payment within the period provided for by the letter of credit