The documentary operations are the most advanced instrument used in the international trade. Organisations and private entrepreneurs engaged in sales and purchase operations using this tool can insure them against potential financial risks. “Bank Eurasia” OJSC provides its corporate customers with the following documentary operation services in order for the international co-operation to be comfortable and rested on mutual confidence:

  • LCs;
  • Collection;
  • Guarantees

The Documentary Letter of Credit (D/C) – is the obligation of the issuing bank (the buyer’s side) to pay the beneficiary bank (the seller’s side) a certain amount as instructed by the customer on receipt by the issuing bank of the appropriate (transport, insurance, customs, commodity and so forth) documents. The D/C provides reliable protection against the risks that could arise amongst parties in the international trade.

 

Operation Currency
AZN USD EUR
Opening of the letter of credit
– up to 500000 AZN/USD/EUR 0,2%
min 50 min 50 min 50
– 500001-1000000 AZN/USD/EUR 0,15% 0,15% 0,15%
– 1000001 AZN/USD/EUR and more 0,1% 0,1% 0,1%
Aviso of the letter of credit
(without bank approval)
0,1%
min 30
max 300
min 30
max 300
min 30
max 300
Check up of documents (for each sent document) 0,1%
min 30
max 300
min 30
max 300
min 30
max 300
Money transfer under the letter of credit to beneficiary bank
(for each transfer)
0,1%
min 50
max 300
min 50
max 300
min 50
max 300
Confirmation of the letter of credit (monthly or by parts)  Based on agreement
Delayed payment (are taken additionally from the
transfer commission of letter of credit)
30 30 30
Changing the conditions of letter of credit 30 30 30
Transfer of the letter of credit 0,1%
min 50
max 300
min 50
max 300
min 50
max 300
Increasing the amount of letter of credit 0,2%
min 50 min 50 min 50
Cancellation of letter of credit 100 100 100
Post services (for each sent parcel) 50 50 50

Note: Commission fees of correspondent bank are withdrawn additionally. If documentary letter of credit is opened according to the credit line in loan account or credit line of letter of credit, both the credit line interests and operational commissions on current tariffs are withdrawn.

The documentary collection consists in the beneficiary bank sending the issuing bank all the documents as instructed by the seller. Such documentary collection operations are usually used in a kind of co-operation that is based on mutual confidence as can be seen from that a seller sends the goods ordered without having any guarantee on the part of a buyer.

 

Operation Currency
AZN USD EUR
Taking documents to encashment 0,2%
min 30
max 100
min 30
max 300
min 30
max 300
Delivery of documents to payment or confirmation 0,1%
min 10
max 100
min 10
max 300
min 10
max 300
Changing of conditions 10 10 10
Payment refusal and returning not confirmed documents 30 30 30
Post services (for each sent parcel) 50 50 50

Note: Commission fees of correspondent banks are withdrawn additionally.

The guarantee is the obligation of the issuing bank to pay the seller a certain amount should the seller claim it. Thus, the guarantee is a security for the buyer’s obligation to the seller.

 

Operation Currency
AZN AZN
Issuing of guarantee
– provided with money means 0.1%
min 50 min 50
– not provided with money means Based on agreement
Aviso of guarantee 0.2%
min 30
max 300
min 30
max 300
Preparing of guarantee text 50 Preparing of guarantee text 50
Changing the conditions of guarantee 30 Changing the conditions of guarantee 30
Increasing of the sum for non-provided guarantee, prolongation of a term Based on agreement
Post services (for each sent parcel) 50 Post services (for each sent parcel) 50