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Requirements to borrowersLegal entity shall be the resident of the Republic of Uzbekistan, with good financial performance
Industry subject to financingNo restrictions (any business not prohibited by the legislation of the Republic of Uzbekistan)
Purpose of fundsFinancing up to 100% of the value of a contract for the supply of goods and services from all over the world (excluding countries on the sanctions list)
Minimum and Maximum Amount Without restrictions, based on the financial performance of the Borrower and the implementation of the projectMinimum and Maximum Amount Without restrictions, based on the financial performance of the Borrower and the implementation of the project
Currency of CreditEuros, US dollars and other freely convertible currencies
Amount availableNo restrictions
Financing scheduleUp to 1 year
Annual percentage rate for financingCorresponding LIBOR + 2.0% -4% (approximate foreign bank margin) + NBU margin (individually for each transaction)
Grace periodAccording to the business plan, but not more than 6 months
Payment formLetter of Credit
Borrower's share in the projectAt least 20% of the total project cost
List of countries where raw materials and other materials are purchasedAll countries of the world (excluding countries on the sanctions list)
Collateral requirementsAt least 125% of the funding amount
Eligible (Project) RegionsAll regions of the Republic of Uzbekistan
List of required documents for obtaining financingIn accordance with the Bank's Credit Policy
OtherEach transaction shall be coordinated individually with foreign banks within 1-3 days
Documentary letter of credit is a promise of the Bank to pay the Beneficiary at the expense of its customer a certain amount in the agreed currency, if the seller (Beneficiary) submits within the prescribed time the documents that meet the conditions Letter of Credit and confirm the shipment of commodities (the provision of services).
it is applicable as a security instrument in transactions to almost all countries of the world;
it is convenient for advance disposal of the amount due to the seller;
it is flexible in terms of payment being a reliable instrument;
it is suitable as a short-term financing facility;
quickly and easily makes a payment that allows the seller under certain circumstances to receive good discounts;
has international legal reliability.
A guarantee is a written undertaking of the bank to pay the creditor (beneficiary) a guaranteed amount on receipt of a request in writing, which confirms that the debtor (principal) has failed to meet its liabilities under the terms and conditions of the guarantee that has been issued according to underlying contract between beneficiary and principal. Exercise of guarantees has international legal reliability as well.
Applying for Guarantees is best when:
When there is lack of confidence in the solvency of your business partner, the payment guarantee is very useful tool;
When it is important to secure the proper performance of your undertakings to business partner, you can use the performance guarantee;
When you are not certain, whether the advance payment to the business partner will be utilized for designated purposes, you can exercise the advance payment refund guarantee;
When as a bidder (according to bid requirements) you are required to provide the owner of bid with bid bond (or bid guarantee) to assure that you have the financial means to accept the job for the price quoted in the bid.
Our specialist will answer you within a working day. Due to the high number of requests during the COVID-19 pandemic, there may be some delays in responding to requests.