Most companies are short in Working capital. It could be as the result of objective factors - changes in legislation, increasing prices, economical instability, inflation; or subjective factors – for example, mistakes in Working capital planning. In such situation documentary operations could be a good solution for You.

Such kind of finance products we recommend especially to the companies running export/import activities or to the companies that have to do with doubtful or new counterparty.

Cost of documentary products is not high, especially compared with credit interests nad commissions. Main difficulty is to collect all the necessary documents and to bring them to the special international format.

To use such products in a company’s business activity is necessary for every company. The mechanism of these transactions allows to control if a counterpart makes everything correct in order to fulfill its obligations, to decrease the risk of possible non-performing a deal both in Ukraine or abroad. Moreover, a new counterpart comes in a business scheme – a bank. It carries controlling and regulating functions. A bank is responsible for documents check, controls if the document set is correct, full and corresponds to the international standards.

Main types of documentary products are – LCs, encashment and bank guarantees/warrantees.

Our specialist will help You:

- to determine if documentary products are really needed and applicable to Your company;

- to choose optimal product taking into account individual conditions of a contract and physical distribution of wares;

- to choose a safe bank;

- to collect necessary documents and to present a set of documents to a bank;

- to support documentary application till the bank’s Credit committee;

- to issue a documentary product and to close it in a correct way.

Pricing

Name	Discriptoin	Price
Documentary products	Export/import LCs opening in foreign currency.	To be discussed. From 1% of the deal amount.
	Bank payment guarantees/warrantees, stand by LCs (covered/uncovered guarantee on stand by LC).
	Encashment services (fund transfer in favor of the Seller after presenting of certain docs set to the Buyer).

* Preliminary prices – end price to be determined in Symetra-Finance LLC written offer ONLY.

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