Letter of credit
For the security of your movable and immovable property sale transactions, as well as the provision of services.
Letter of credit is —
when the Bank undertakes to pay out money to the person who sold the goods or rendered services, as well as to give such authority to another bank.
Why do I need a letter of credit
For a transaction security. To ensure that the buyer is guaranteed to receive the goods or services, and the seller - payment for them.
If you are a Buyer
Be assured of timely delivery of goods or services
Commission - 0,25%
Minimum interest for safe storage and payment to the counterparty
Payment – post factum
First you receive a good or service and then you allow payment
The Bank will carefully check all the documents of your counterparty before issuing the money to him
Open a credit facility at the Bank to pay for the letter of credit
Review time – 1 day
Make important international trade deals at the right moment
If you are a Seller
Receive a letter of credit and be assured of payment for your goods and services
Commission - 0 tenge
All costs associated with opening a letter of credit belong to the Buyer
No country risks
You will not be affected by the political, economic or legal conditions of the contracting party's country
The Bank will carefully check all banknotes from your counterparty and give them to you
Stand-by letter of credit
Same bank guarantee if your counterparty fails to meet its obligations
You receive money in your country and in the Bank you trust
If you're an intermediary
You receive payment for your services by transfer letter of credit
It’s up to you which part of the letter of credit to give to your subcontractor
Without own funds
Make intermediary transactions and do not invest your money in the process
You get your margin without taking ownership of the product
Your customers can borrow letters of credit from the Bank and your demand will increase!
Our financial instruments are recognized almost worldwide
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