Post-import financing covered by foreign bank funds is the financing of an import contract of the client (Ukrainian importer) under the credit line provided to the Bank by a foreign partner (the bank) through paying by the latter of funds directly to exporter, providing the Bank with the opportunity to make a payment to a foreign bank within the specified term.

How does post-import financing work?

The Bank issues a confirmed letter of credit on behalf of the Ukrainian importer. Payment for a letter of credit is made by a foreign bank directly to a foreign exporter after delivery of the shipping documents to a foreign bank. Thus, the importer is given the opportunity to receive a deferment of payment for the agreed period on the terms and conditions agreed with JSC Ukreximbank.

Advantages

• Individual approach to each Client
• Use of foreign banks financing
• Flexible structuring of the agreement and optimization of contract settlements

Terms and conditions

Lending is effected through issue of a confirmed documentary unsecured letter of credit. Payment under the letter of credit is made by a foreign bank to the account of a foreign counterparty.