maibank
maib business app
internet banking - individuals
new internet banking - maib business
internet Banking - BankFlex
сurrent accounts
find out more
about
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;
take the first step
fill in the fields and we will contact you
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.