Rabitabank offers its customers a wide range of modern banking services and products. The products offered by our bank, in addition to earning money, ultimately facilitate the work of customers and reduce many of their worries. Such services include the following types of documentary operations offered by the bank:
A letter of credit is the safest form of payment between clients. In any transaction between businesses and organizations, Buyer and Seller, especially between parties doing business for the first time, there are concerns about whether the other party will fulfill its obligations. At such a moment, conducting a transaction on the basis of a letter of credit is the simplest and most convenient way out of the situation.
A letter of credit is a banking service in which a bank acts as an intermediary between two parties providing services to each other. A letter of credit is a conditional monetary obligation assumed by the Bank to pay the Seller for the services rendered on the basis of the Client's (Buyer's) order. The Bank fulfills its obligations after the Seller provides the Bank with official documents stating that it has fulfilled all of its obligations specified in the letter of credit (the goods were sent to the Buyer or that the service was provided to the Buyer). The bank may transfer the payment authority to another bank.
Documentary letters of credit provided by Rabitabank are the most reliable and reliable form of settlements, primarily international settlements. Settlements under the letter of credit are carried out under the control of banks and provide complete confidence that all parties to the business will comply with the terms of the signed agreements.
|1.||Opening a letter of credit||0.5% min. 100 USD|
|2.||Advance notice of letter of credit||0,1% min. 50 USD|
|3.||Letter of credit endorsement||0,1% min. 50 USD|
|4.||Letter of credit confirmation||Based on the contract, no less than 0,2%, min. 100 USD|
|5.||Payment|| 0,3% min. 20 USD
maks. 500 USD
|6.||Change of conditions (except for confirmation and increase in the amount) or cancellation||50 USD|
|7.||Increasing the amount of the letter of credit||(from the increased amount) 0,2% min. 50 USD|
|8.||Reception and verification of documents||0,1% min. 50 USD|
|9.||Commission on discrepancies in internal documents||50 USD|
|10.||Transfer of accreditation||0,1% min. 100 USD|
|11.||Drawing up a letter of credit||30 USD|
|1.||Acceptance of documents for collection||0,3% min. 50 USD|
|2.||Delivery of documents against payment or acceptance (for both import and export transactions)||0,3% min. 50 USD|
|3.||Delivery of unpaid documents or return of unpaid documents||0,1% min. 50 USD|
|4.||Change of terms/cancellation of a collection order||50 USD|