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Pension program

You do not have to queue on at the post-office or to wait for your pension at home for the whole day — we offer you to receive pension at PRAVEX-BANK. You have just to address the Bank and you will be able to receive pension at any time and any point of Ukraine.

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International settlements

What do you plant to do with temporarily available funds?

International settlements

For corporate clients

Documentary Letter of Credit

Pravex-bank offers reliable cooperation in international trade transactions involving documentary letters of credit that will significantly help mitigate your risks and boost your business profits.

The Bank's goal is to minimize your foreign trade risks, help cut your costs, and increase your contractual gains, as well as optimize the timing of payments for purchased goods.

The advantages you gain by using PRAVEX-BANK letters of credit when making international settlements:

•For the exporter

  • reliable payment and faster receipt of export proceeds;
  • minimal risk of non-payment for the received goods, since payment is guaranteed by the Bank, not the Buyer;
  • additional guarantee of payment for goods confirmed by a leading foreign bank;
  • additional opportunity for mitigating export risks;
  • determination of the most beneficial methods of payment from the importer;
  • recommendations of PJSCCB Pravex-Bank to optimize conditions for the quick receipt of cash funds from the importer (buyer);

•For the importer

  • obtaining a commercial credit (deferred payment) from the seller where the received goods can be sold before the payment term to the exporter and make settlements with him without using its own funds;
  • no advance payment (prepayment) to the seller;
  • payment only after fulfillment of all obligations by the Seller (shipment of goods, execution of documents, etc.);
  • opportunity to confirm paying capacity and demonstrate to partners its competence in arranging settlements regarding trade transactions;
  • opportunity to optimize payment conditions in international settlements for the acquired goods;
  • recommendations of PJSCCB Pravex-bank to optimize conditions for the quick receipt of goods from the exporter (Seller).

From the moment of opening until the completion of settlements under a letter of credit, PJSCCB PRAVEX-BANK conducts the entire transaction in accordance with the Bank’s tariffs:

•With settlements under export

  • providing preliminary advice on a letter of credit;
  • advise on letter of credit (transfer of complete conditions of the letter of credit);
  • acceptance, documents check;
  • return of documents not corresponding to the terms of the letter of credit;
  • request to the issuing bank regarding the possibility of accepting documents with discrepancies;
  • performance of reimbursement orders;
  • confirmation of the letter of credit.

•With settlements under import

  • opening of a letter of credit;
  • increase of amount and prolongation of the letter of credit;
  • changes in conditions of the letter of credit;
  • payment under letter of credit, including checking of documents;
  • cancellation of the letter of credit before its expiration;
  • return of incorrect documents.

•Reasons for successful operation of PJSCCB PRAVEX-BANK in settlements involving letters of credit are:

  • highly qualified and talented employees of documentary transactions department;
  • use of up-to-date information transfer systems: SWIFT, TELEX;
  • a wide network of correspondent relations;
  • timely transactions through a wide network of branches and outlets located throughout the territory of Ukraine;
  • maximum speed of transactions by employees of PJSCCB Pravex-bank (consideration and analysis of the proposed project, opening, advising, servicing, checking documents).

•PJSCCB PRAVEX-BANK offers its clients the following types of letters of credit:

Depending on the certainty of guaranteed payments to be made to the exporter:

  • irrevocable and revocable letters of credit;

Depending on the availability of cash deposits at the issuing bank:

  • secured and unsecured letters of credit;

Depending on the availability of confirmation by the advising (or other) bank:

  • confirmed and unconfirmed letters of credit;

Depending on the type of payment allowing or not allowing partial product deliveries:

  • divisible and non-divisible letters of credit;

Depending on the place of payment and the paying bank:

  • letters of credit payable by the issuing bank in the importer's country;
  • letters of credit payable by the advising or confirming bank located in the beneficiary's (exporter's) country;
  • letters of credit payable with participation of a third bank.

Depending on the involvement of other beneficiaries:

  • transferable and non-transferable letters of credit;

Depending on the way the issuing bank performs its obligation under a letter of credit:

  • letters of credit payable on sight;
  • installment letters of credit;
  • acceptance letters of credit;
  • negotiable letters of credit.
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