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 waiting for best price for a product or interested in large volumes of goods in stock? Consider this type of financing.
Stock-financing ‐ financing of goods purchase for their further storage/accumulation and sale/ financing of operational expenses against pledge of goods in a warehouse (as a part of total collateral structure). Proceeds from goods realization are directed to the credit repayment.
This type of financing can be of the most interest for companies that work with commodities or other goods which have stable demand on local and international markets.
Basic conditions of financing
Minimum amount: UAH 4 000 000 (or equivalent in foreign currency)
Tenor of financing: usually up to 1 year (limits can be established for the period of up to 3 years)
Currency of financing: USD, EUR, UAH
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 (depends on a type of deal and operational cycle of the borrower)
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 sale 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
