NIBM’s international settlement is executed through S.W.I.F.T (Society for Worldwide Interbank Financial Transactions) the most modern, secure and reliable financial networking system. Upon customer request, Bank Guarantee and Letter of Credit can be executed through SWIFT as well.
Trade Finance
Terms and conditions of trade finance shall be as stated below.
Issuance of guarantee abroad
| Issuing a Guarantee abroad /upon request of a client/ | 0.2 - 1% /min. 150 USD/ |
| Increasing the amount of guarantee issued abroad (From the sum added) | 0.2 % /min. 50 USD/ |
| Amendment of guarantee terms /per each amended terms / | 40 USD |
| Ceasing a guarantee issued abroad | 45 USD |
| Notifying the Client of the Foreign guarantee | 25 USD |
| Notifying the Client on changes in the terms of guarantee | 10 USD |
| Notification /upon request of a Client/ on Permission to nullify of the Foreign Bankers’ Guarantee | 20 USD |
| Issuing a Guarantee on the base of Counter Guarantee | 1.5 % /min. 150 USD/ |
Covered Import L/C
| L/C Issuance | 300 USD |
| Amendment of L/C terms /per each amended terms / | 25 USD |
| L/C cancellation | 2.5 % of the total value |
| Document discrepancy /per each discrepancy/ | 15 USD |
| Increasing the L/C amount | (0.2 % of the sum added) |
Export L/C
| L/C Issuance notification fee | 40 USD |
| Export L/C receipt, review, Document | 0.15 % of the total value |
| Checking and Settlement | /Min.75 USD, Mаx.350USD/ |
| Notification of amendments to L/C terms /per each amended terms / | 10 USD |
| L/C cancellation notice upon customer’s request | 30 USD |
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