As a result of limited stocks of raw material, the reality of the Ukrainian economy is such, that on the one hand, there is the constantly developing specialised industry and the service sector, and on the other — a relatively restricted domestic market, which leads to great dependence on foreign trade. Because of growing repayment problems encountered by many countries, there is an increase in the significance of payment surety and new types of co-operation.
JSPPB Aval has conducted bank guarantee, surety, letter of credit and collection of payment transactions since 1995. The specifics of these operations by the Bank, lie in an individual approach to each client when resolving problems which can arise during the course of both domestic and foreign trade operations.
If you:
Are an importer and do not want to make a prepayment, because you are not sure of your exporter's business reputation;
Are an exporter and don't want to ship your goods without additional payment guarantees;
Have ordered equipment, the manufacture of which requires considerable temporary expenditure (more than 90 days), for which the manufacturer requires advance payment;
Are an official dealer or distributor, requiring a deferred payment;
Are an intermediary, who needs to purchase goods from a supplier and to sell them to a buyer, but does lacking the working capital to carry out such transactions.
Raiffeisen Bank Aval offers a solution for the above problems, with the aid of various settlement schemes using documentary letters of credit, guarantees and collection.
The following factors will guarantee the success of documentary transactions, made through Aval:
Training courses and seminars at Dresdener Bank (Frankfurt am Main) Commerzbank (Frankfurt am Main), Creditanstalt (Vienna), Citibank (New York), attended by Aval employees, thus ensuring qualitative service;
Practical experience in conducting documentary transactions, both simple and complex (more than 1,000 transactions have been conducted in the period 1995 — 2000);
The shortest transaction period, thanks to the Bank's vast network of branches located throughout Ukraine;
Extensive correspondent bank network;
Extensive capabilities via contemporary banking communication means: SWIFT, TELEX, SPRINT, FAX, E-mail;
Efficient execution of transactions by bank employees (review and analysis of prospective project, notifying, servicing; checking of documents);
Are an importer and do not want to make a prepayment, because you are not sure of your exporter's business reputation;