Updated: 13.04.2010 15:44
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Trade Finance (Letters of credit)

"Converse Bank" offers you loans in AMD, USD or other foreign currency for the purpose of commercial financing /letter of credit/. The borrower will be provided with a loan, terms of which will be specified at the moment of extending the letter of credit.

In order to get benefits of operations with letters of credit you are invited to apply directly to the Head Office of "Converse Bank".

Here are the conditions for LC operations:

N

TRANSACTION TYPE

TARIFFS AND RATES

1

Initial advising of Letter of Credit and/or advising

AMD 37 500

2

Letter of Credit opening

0,15% min AMD 50 000

3

Confirmation of Letter of Credit, advising by a correspondent bank or a third bank; other confirmation-related operations

As per the tariffs of the confirming/advising bank

4

Acceptance, checking and, forwarding of documents

AMD 30 000 plus postal costs

5

Payment of Letter of Credit

AMD 7 500

6

Alteration of terms

AMD 15 000 plus additional costs of the correspondent and third party bank /per amendment/

7

Cancellation of Letter of Credit

AMD 25 000 plus additional costs of the correspondent and third party bank

8

Transfer of Letter of Credit 

AMD 50 000

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