Foreign buyer’s bank financing
Financing is provided to a foreign financial institution lending to a foreign buyer for the purpose of making settlements under an export contract with a Russian exporter
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Description of the service
This is a financial tool to benefit the Russian exporters explore international markets. The solution is aimed to provide funds to a buyer of Russian goods and services. Funding is arranged through a foreign bank engaging in the global trade finance which provide tied financing to its client (buyer) for the purpose of making payment under the export contract with the Russian exporter. The loan is granted to the borrower after / as the Russian exporter fulfills its obligations under the export contract upon the provision of documents confirming export and the absence of claims from the buyer (loans are provided against shipping documents)
How to get the service
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A foreign buyer enters into an export contract with an exporter
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The lender bank of the foreign buyer and Eximbank of Russia conclude credit and security documentation for the purpose of financing settlements under the export contract
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The lender bank of a foreign buyer enters into a related loan agreement with its client (buyer by export contract)
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The exporter delivers goods (works, services) under an export contract
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Eximbank of Russia provides a loan to a lender bank of a foreign buyer
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The lender bank of a foreign buyer provides a loan to its client (buyer under an export contract)
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The exporter receives funds under the contract from a foreign buyer