Documentary Business

Professional choice of the form of international settlements under the contract is one of the most essentials of any trade transaction. When effecting export-import transactions the Bank offers its clients all forms of settlements accepted in the international banking practice: payments (in all hard currencies and also in national currencies of CIS), letters of credit and collection.

The Bank’s set of services with regard to documentary business includes the following:

• drawing up and editing of foreign trade contacts with regard to forms of payments and the list of the required documents;
• drawing up of the application for L/C opening;
• preparation of the L/C draft;
• checking of the authenticity of the L/C;
• preliminary advising of the L/C;
• advising and confirmation of export L/Cs of the Bank’s clients, as well as of transit L/Cs;
• advising of changes in the terms and conditions of the L/C;
• opening and executing of import L/Cs;
• using of credit lines set by top foreign banks for AK BARS Bank for confirmation of L/Cs;
• execution of transferable L/Cs;
• checking of financial and commercial documents under the L/C;
• drawing up of drafts of shipment documents.

We are also ready to provide any advisory service regarding this type of settlements: participation in negotiations with foreign partners, drawing up of reliable and less expensive scheme of transaction with estimated rates of banking charges and tenor of the transaction, etc.

Due to the Bank’s stable links with leading European and US banks practically all documentary operations are executed directly with banks of our clients’ counterparts (without participation of intermediary banks). This allows the clients to minimize their costs borne for banking services.

AK BARS Bank executes documentary business with any foreign bank, including banks of CIS and Baltic states, both in hard currencies and Russian rubles.