Documentary Transactions
The Bank offers its Customers the following instruments of international settlements regarding their convenience and ability to minimize risks:
- Documentary Letters of Credits
- Documentary Collection
A Documentary Letter of Credit represents a liability undertaken by the Bank according to the Customer’s order to transfer in favour of a Beneficiary (seller of goods) the amount of funds indexed in the Letter of Credit against terms and documents specified in the Letter of Credit with regard to conditions mentioned therein.
A Documentary Collection represents a transaction wherein the Bank acts as an intermediary between a Seller (Exporter) and a Buyer (Importer). The Bank is to receive a Collection with the Seller’s order and is to submit documents against payment or a promissory note (bill) acceptance.
1.Letters of Credit at settlements in RUR within the Russian Federation
Transactions are executed in conformity with the Regulations on Non-Cash Transactions in the Russian Federation, according to rules being valid for the date of such transaction.
| 1.1. | Letters of Credit issued by the Bank | Rates |
| 1.1. | Opening or increasing the value of a Letter of Credit covered (charged at the time of a Letter of Credit total amount, or of the value increased) | 0.2% of the total amount min. 1,000 RUR max. 6,000 RUR |
| 1.1.2. | Amendments to a Letter of Credit covered (except for value increase) | 500 RUR per each amendment |
| 1.1.3. | Transfer in order to cover a Letter of Credit | In accordance with # 1.2.1.2., 1.2.1.4 of Bank transfers Terms and Conditions. |
| 1.1.4. | Verification/processing of documents of a Letter of Credit | 0.1% min: 1,000 RUR max: 6,000 RUR |
| 1.1.5. | Transfer under a Letter of Credit executed by the Bank | 0.15% of transfer total amount min. 2,000 RUR |
| 1.1.6. | Letter of Credit cancellation within or after the expiration date (provided the Letter of Credit has not been used) | 1,500 RUR |
| 1.2. | Letters of Credit advised by the Bank | |
| 1.2.1. | Advising of a Letter of Credit covered | 0.15% of the total amount min. 1,000 RUR max. 6,000 RUR |
| 1.2.2. | Letter of Credit confirmation | Subject to additional agreement |
| 1.2.3. | Advising of amendments to a Letter of Credit (except for value increase) | 500 RUR per each amendment |
| 1.2.4. | Advising of value increase to a Letter of Credit covered | 0.15% of the total amount min. 1,000 RUR max. 6,000 RUR |
| 1.2.5. | Verification/processing of documents of a Letter of Credit | 0.1% min: 1,000 RUR. max: 6,000 RUR |
| 1.2.6. | Transfer under a Letter of Credit executed by an other bank | In accordance with # 1.2.1.2., 1.2.1.4 of Bank transfers Terms and Conditions. |
| 1.2.7. | Transfer under a Letter of Credit executed by the Bank | 0.15% of the total amount min. 2,000 RUR |
| 1.2.8. | Letter of Credit cancellation within or after the expiration date (provided the Letter of Credit has not been used) | 1,500 RUR |
2. Letters of Credit under international settlements in RUR and foreign currencies
Transactions in respect of non-residents under documentary Letters of Credit are executed in conformity with the Uniform Rules and customs of trade for documentary Letters of Credit, according to rules being valid for the date of such transaction.
| 2.1. | Letters of Credit issued by the Bank | Rates |
| 2.1.1. | Opening of a Letter of Credit (charge collected at the time of opening a Letter of Credit) |
0.2% min: 50 USD max: 2,000 USD |
| 2.1.2. | Amendments to conditions of a Letter of Credit (except for value increase) | 50 USD per each amendment |
| 2.1.3. | Increase of a Letter of Credit value | 0.2% min: 50 USD max: 2,000 USD |
| 2.1.4. | Transfer in order to cover a Letter of Credit | In accordance with # 1.2.2.2-1.2.2.5 of Bank transfers Terms and Conditions. |
| 2.1.5. | Letter of Credit service upon deferred payments | 0.2% per each quarter or a part of a period of such deferred payment |
| 2.1.6. | Verification/processing of documents of a Letter of Credit | 0.15% min: 100 USD max: 2,000 USD |
| 2.1.7. | Transfer under a Letter of Credit executed by the Bank | 0.15% min: 100 USD |
| 2.1.8. | Return of documents not properly drawn up | 50 USD per each document |
| 2.1.9. | Letter of Credit cancellation within or after the expiration date provided such Letter of Credit has not been used | 50 USD |
| 2.2. | Letters of Credit advised by the Bank | |
| 2.2.1. | Preliminary advising of a Letter of Credit | 30 USD |
| 2.2.2. | Advising of a Letter of Credit | 0.15% min: 50 USD max: 500 USD |
| 2.2.3. | Advising of amendments to a Letter of Credit (except for value increase) | 50 USD per each amendment |
| 2.2.4. | Advising increase of a Letter of Credit value | 0.15% of value increased min: 50 USD |
| 2.2.5. | Advising of differences in details of a document, return of documents not properly drawn up | 50 USD per each document |
| 2.2.6. | Advising of other documents (inquiries, notifications etc.), including reimburse orders | 20 USD per each document |
| 2.2.7. | Letter of Credit confirmation, value increase confirmation | 0,2% per each quarter or a part for such increase confirmation min: 200 USD |
| 2.2.8. | Verification/processing of documents of a Letter of Credit | 0.15% of total min: 100 USD max: 1,000 USD |
| 2.2.9. | Transfer under a Letter of Credit executed by the Bank | 0,15% of total amount min: 100 USD |
| 2.2.10. | Negotiation | Subject to additional agreement |
| 2.2.11. | Draft acceptance | 0.25% min: 50 USD max: 2,000 USD |
| 2.2.12. | Letter of Credit transfer in favour of an other beneficiary (beneficiaries) | 0.15% min: 30 USD max: 500 USD |
| 2.2.13. | Letter of Credit cancellation within or after the expiration date provided such Letter of Credit has not been used | 50 USD |
3.Collection transactions
Transactions are executed in conformity with the Uniform Rules for collection, according to rules being valid for the date of such transaction.
| 3. | Documentary collection: | Rates | ||||||||
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| 3.2. | Clean collection:
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Note:
The conditions of opening and servicing of non-covered Letter of Credit are subject to individual agreement. Commission rates indexed in paragraph 1.5. “Documentary transactions’ are specified without regard to commissions of other banks acting therein and do not include mail, cable, express forwarding and other charges borne by the Bank in connection with execution under a Letter of Credit, which are charged in addition to commission rates specified in paragraph 1.5. “Documentary transactions’ according to charges borne by the Bank and provided such expenses are confirmed documentarily.
23A Tarasa Shevchenko Riverside
Tel.: + 7 (495) 730-0850
Fax: +7 (495) 730-0851