CREDIT PRODUCTS

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THE PROVISION OF FACTORING OPERATIONS AT THE EXPENSE OF OWN MEANS

06.07.2020

NAME OF PRODUCE

The provision of factoring operations at this own expense

AMOUNT OF THE ALLOCATED CREDIT

As agreed

THE PURPOSE OF LENDING

Financing of the supplier (bank’s client) under his factoring to the bank – the financial agent  of the right to receive payment of  accepted payers (buyer), but not paid by him of payment claims for goods delivered, works performed or services rendered, without the right of recourse.

CREDIT PERIOD

Up to 90 days

INTEREST RATE

The bank`s discount amount is no more than 20%

COLLATERAL REQUIREMENTS

Security (collateral) that meets the bank's requirements in accordance with the current legislation

MISCELLANEOUS

The main condition for providing a factoring shall be the fact that a Payer (Client) has no overdue accounts payable