EBRD Trade Facilitation Programme

Willing to broaden the possibilities to finance the customers’ external activity, Joint Stock Company the State Export-Import Bank of Ukraine (the JSC Ukreximbank) and The European Bank for Reconstruction and Development (the EBRD) signed sets of documents on the JSC Ukreximbank participation in the EBRD Trade Facilitation Programme (TFP).

The documents signed currently include:

• Revolving Credit Agreement (RCA), upon which the EBRD makes available to the JSC Ukreximbank a revolving loan facility for further financing of export-import transactions of its customers. Financing of up to 3 years may be channeled to pre-export, post-import and re-financing of factoring.
• Trade Finance Guarantee Facility, upon which the JSC Ukreximbank acts as an issuing bank of trade finance instruments against guarantees by the EBRD.
• Letter of Agreement with the JSC Ukreximbank as Confirming Bank, upon which the JSC Ukreximbank participates in the TFP by confirming trade finance instruments, issued by selected third banks, against guarantees by the EBRD.

Reference: The EBRD’s Trade Facilitation Programme promotes foreign trade with Eastern Europe and the CIS region. Through the programme, the EBRD provides guarantees to international confirming banks. The programme can guarantee any genuine trade transaction associated with exports from, or imports to, the EBRD’s countries of operations. More than 100 issuing banks in the region participate in the programme together with around 630 confirming banks globally. More information available on http://www.ebrd.com/apply/trade/index.htm