Aval of AGRI promissory notes
This product assumes OTP Bank takes the risk of non-payment by a farmer in favor of a distributor of crop protection chemicals/mineral fertilizers for products purchased with deferral of payment. Agricultural producers, in their turn, receive the deferral of payment for the goods and a discount from manufacturers of crop protection chemicals and fertilizers.
Basic conditions of financing:
Maximum amount: UAH 2 000 000.
Tenor of financing:
- a general tenor: 1 year;
- a term for redemption of each AGRO promissory notes: up to 1 year.
Currency of financing: UAH.
- Commission for aval of AGRO promissory notes: 3% p.a.
- Organization fee: 2%.
Possible collateral (or its combination): financial surety of the borrower`s owners.
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