Financing for foreign trade
Secure settlements, risk prevention and optimizing your floating capital with O!Bank.
For companies engaged in foreign trade
Guaranteed settlements and finance risk prevention.
For having business with international partners
Overseeing the performance under transaction conditions and ensuring timely payments
For organizations in need of risk prevention
Minimizing potential failure to pay and transaction default
Trade financing products
Bank guarantee
Guaranteeing compliance with obligations before partners, ensuring support in bidding, contract execution and customs transactions
Documentary credit
Ensuring secure settlements: the bank only provides transaction payment subject to all contract terms and conditions to minimize all risks
Documentary collection
Managing payments without advance payment: the bank only forwards documents to the buyer upon payment confirmation to protect parties' interests
Advantages of the banking solution
Flexible terms and profitable rates
Customized approach to financing with consideration of your business needs
Prompt application review
Minimum waiting period: decisions are made promptly
Simple process
Minimum set of documents required, no extra red tape
How to use the service?
Submit application
Fill in the brief form on the website, provide your contact details and indicate the product wanted
Prepare documents
Our specialist will contact you to describe the terms and help collect necessary documents
Sign the contract
Once approved, sign the contract and enjoy access to the O!Bank's financial instruments
FAQ
What is trade financing?
Trade financing means a set of banking instruments that helps businesses minimize risks in settlements with partners, ensure the fulfillment of contracts and improve operating capital management.
What is documentary business?
Documentary business means banking services used in foreign trade to protect the parties from economic and political risks such as contract default, poor product quality, non-payment and exchange rate fluctuations.
What is the difference between bank guarantee, letter of credit and collection?
- Bank guarantee means a bank's obligation to pay a sum if one of the parties in default under transaction terms and conditions.
- Letter of credit is a secure payment method where the bank only pays for the goods after all the terms of the contract have been fulfilled.
- Documentary collection means bank forwarding documents to the buyer only after the payment conditions have been met.
What documents are required for the service process?
- The list of documents depends on the instrument chosen. Normally, you will need to provide:
- The company's constituent documents
- Contract with partner
- Financial statements
- Additional documents requested by the bank
How long does the application review take?
Application is reviewed within one working day or more, depending on the documents provided.
What fees and rates apply?
The fee depends on the selected product, the transaction amount and the financing terms. Use the link to see the rates. Submit request for detailed calculation, and our specialists will contact you.