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Documentary operations Documentary operations is a convenient form of settlements, which allow to minimize risks for both exporters and importers sa well as to minimize potential losses from contract political and economic situation of the country. Therefore while carring out the international commercial operations, it is necessary to use reliable tools of maintenance of payments. A letter of credit A letter of credit - the bank-issuer conventional money obligation accepted on the payer (letter of credit applicant) order to make a payment for the money receiver benefit (Beneficiary) on the latter submitting the documents corresponding to the letter of credit conditions or to grant the power to make the payment to another bank. Collection Documentary collection comprises the processing by the Banks of documents in accordance with orders submitted with the intended receiving of payment or accepting, or submitting documents on other conditions. Bank guarantee A bank guarantee is a commitment assumed by the Bank (the issuer) to cover the liabilities of a debtor (client) to a creditor (beneficiary) on the occurrence of specific conditions preliminary provided for in the guarantee. We provide the following types of guarantees:
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