Minimum package of documents for preliminary decision
Adoption of a decision within 30 days
Advantage of being consulted by the Bank’s experts throughout the whole period of contract execution
Are you planning to export your products?
Consider this type of financing.
Pre-export financing ‐ financing of raw materials/goods purchase for further manufacturing of finished goods and/or goods export / financing of operating expenses of producers which export finished goods.
This type of product is chosen, first of all, by the companies with strong relations with foreign buyers.
Export is made in favor of counter-parties with acceptable for OTP Bank payment risk or whose risk is minimized by utilization of documentary instruments. Export proceeds are directed to the loan repayment.
Basic conditions of financing
Minimum amount: UAH 4 000 000 (or equivalent in foreign currency)
Tenor of financing: up to 3 years
Currency of financing: usually currency of export contracts ‐ USD, EUR. Financing in UAH is also possible
Interest rate: for USD and EUR - LIBOR / EURIBOR + margin or current market rate; for UAH - fixed or current market rate
Tenor of each tranche within the limit: 30-180 days (depending on character and peculiarities of the borrower’s business)
How trade finance is obtained
Sending application from the site
Coordination of details with a bank specialist and provision of financial statements
Obtaining a preliminary decision
Providing a full package of documents and signing the contract
Possible collateral (or its combination)
- pledge of fixed assets (property complexes, real estate, equipment, vehicles, agricultural machinery)
- pledge of goods in turnover
- pledge of property rights under deposits placed in OTP Bank
- pledge of property rights under export contracts
- credit repayment guarantee of other bank acceptable for OTP Bank
- financial surety (corporate guarantee) issued by a company acceptable for OTP Bank
- financial surety of the borrower`s owners
