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The letter of credit provides the necessary financial resources and ensures expert consultation for foreign trade transactions (goods and fixed assets— equipment, means of transport, etc.).
| The bank undertakes to pay the exporter the value of the goods shipped/delivered or services rendered | The risk of the importer not receiving the goods ordered from the foreign partner is minimized. |
Amount: depending on the terms of the goods purchase agreements
Term: determined individually
Currency: Moldovan lei or foreign currency
Avantaje:
- confirmation of your solvency to exporters;
- you receive the goods with deferred payment;
- you avoid advance payment;
- you reduce the risk of losses from the exporter's failure to fulfill their obligations to deliver the goods.
requirements
Apply for a letter of credit if:
- you have a business registered in accordance with the legislation in force;
- you are an importer of goods;
- you have experience working in the field;
- you have sufficient cash flow to service the debt.
commission fees
| Import letters of credit | ||
| Issuance of a letter of credit secured by funds | 0.3% of the amount, min. EUR 50, max. EUR 500 | It is collected at the time of issue/monthly for the entire validity period |
| Issuance of a letter of credit secured by a credit line: document review fee | 0.5% of the amount, min. EUR 10, max. EUR 80 | It is collected on the day of submission of the set of documents required for examining the possibility of financing the letter of credit. |
| Issuance of a letter of credit secured by a credit line: commitment fee | confirmed by a foreign bank 2%-3% annually, min. EUR 70 | It is collected at the time of issue/monthly for the entire period of validity. |
| unconfirmed - 1% annually, min. EUR 50 | ||
| Document control and payment | 0.2% of the amount, min. EUR 30 - max. EUR 300 | It is collected at the time of the operation. |
| Amendment of the letter of credit | EUR 30 | |
| Early cancellation | EUR 30 | It is collected upon receipt of the cancellation request |
| Fee for discrepancies in documents | EUR 50 / set of documents | It is charged from the payment of the counter-value of the documents. |
| Finalization and coordination with the foreign bank of the draft bank letter of credit | EUR 30 | It is collected at the time of the transaction. |
| Export letters of credit | ||
| Letter of credit endorsement | 0.2% of the amount, min. EUR 30, max. EUR 300 | It is collected at the time or from subsequent collections. |
| Modification/cancellation endorsement | EUR 30 | It is collected at the time of the transaction |
| Document control | EUR 30 / set of documents | It is collected at the time or from subsequent collections |
| Transfer of the letter of credit in favor of another beneficiary | 0.2% of the amount, min. EUR 30 - max. EUR 300 | |
| Confirmation of letter of credit secured by funds/guarantee from international financial organizations | 1% annually, min. EUR 50 | |
| Confirmation of letter of credit based on lines opened to foreign banks | 2% - 3% annually, min. EUR 100 | It is applied quarterly or at maturity. |
required documents
- Identity documents of the administrator and founders;
- Other documents that may be requested by the bank;
- Incorporation documents of the enterprise;
submit your online credit card application
fill in the fields below
submit your online credit application
introdu codul OTP primit la numărul de telefon +373
- step 1 of 2 legal entity data and credit details
- step of 2
Received!
the request has been successfully sent and will be processed from Monday to Friday, from 9:00 to 17:00.
if you apply outside office hours, on weekends or holidays, we will contact you the next working day.