Professional Documents
Culture Documents
Buyer's Crediit Process
Buyer's Crediit Process
Buyer's Crediit Process
1.
Exporter
5.
Importer (Customer)
3.
6.
8.
2. b
,c
, 7. b
9. b
,c
4., 7.
5.
2. a, b
Raiffeisenbank
7. a 9. a 4.
Key
1. 2. Signing of export contract. Signing of loan agreement between Raiffeisenbank (exporters bank) and 2 a. the customers bank or 2 b. the importer (customer) with a guarantee from the importers (customers) bank or 2 c. the importer (customer). Signing of the agreement on executing export buzers credit between the exporter and Raiffeisenbank. Raiffeisenbank signs an insurance agreement with the export company. The exporter performs obligations from the contract. The exporter presents accompanying documents to Raiffeisenbank. Drawdown of loan for the benet of 7a the importers (customers) bank or 7b, c. the importer (customer). Raiffeisenbank draws from the loan provided to the importers bank or provided to the importer (customer) for the performance of the contract directly for the benet of the exporter. Upon completion of all supplies and the subject of export (usually a investment unit) to the importer (customer) 9a the importers (customers) bank or 9b, c. the importer (customer) repays the loan in accordance with the terms agreed to in advance with Raiffeisenbank.
3. 4. 5. 6. 7.
8. 9.