Bills for business

An aval is a bill of exchange guarantee whereby the bank (avalist) assumes responsibility to the holder of the bill for the fulfillment of the obligations to pay by the drawer, acceptor, or endorser.

Order bill avalization

Bills for business

Avaluation is the registration by the bank of the Aval on the bill, according to which the bank undertakes to pay the bill in full or in part, for one of the obligated persons on the bill in case of failure to pay the bill by the payer within the prescribed period or if there is no possibility to receive payment for a bill in due time.

Raiffeisen Bank offers transactions for granting bill guarantee (Aval) of bills

commercial (trade) bills of exchange – executed transactions of sale of goods/services

for import into the customs territory of Ukraine or the sale of aviation or fuel for jet engines produced in Ukraine

the amount of excise duty for the enterprises who use alcohol and other excisable goods/raw materials in the current activity

The benefits of using

Price The opportunity to purchase the plant protection products at a better price compared to buying on banksias conditions of the loan and/or conventional "commodity credit"

Currency exchange rate There are no risks of price changes of products due to currency fluctuations and inflation

Deferred payment Given a real deferred payment for a period of 6-12 months

Bill of exchange with Bank Aval more solid, reliable and secured, expanding the potential of its use. Avalara bill of exchange, Raiffeisen Bank provides the client with a guarantee of a bill

Timely delivery Aval Aval may be given at any time: in the preparation, issuance and any subsequent phase of treatment of the payer (acceptor, endorser, Issuer )

Stability conditions The Aval does not lose its strength as a result of the invalidity of the obligation it provided, except in the case of a defect in the form of the bill itself

The conclusion of the contract as a guarantee of usage the endorsement of bills of exchange, Raiffeisen Bank carries out pursuant to an agreement with the payer (the drawer, acceptor, endorser) of the Treaty endorsement, which can be for a fixed term (the General agreement about Aval) and the endorsement of specific promissory notes (separate agreement about Aval)

Conditions for Providing an Aval for a Bill Outside of Partnership Programs

Commission for the provision of collateral for promissory notes	- up to 6 months (3,25 - 3,5%); - up to 9 months (4 to 4.25%); - up to 12 months (5 - 6%).
	a combination of different types of liquid collateral (vehicles, machinery and equipment, real estate, property rights to Deposit with Raiffeisen Bank)
Deferral of payment	12 months

Contacts

Denys Goncharuk

(044) 590 24 69

partners.sales@raiffeisen.ua

trade.finance@raiffeisen.ua

Additional offers

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Helpful information

In the branches of our Bank.

Yes, that means this promissory note issued term of payment “upon presentation”.

The service for Promissory Note / Bill of Exchange Aval is provided on the terms of the Agreement on Transactions with Promissory Notes / Bills of Exchange (hereinafter referred to as the Agreement) for the period stipulated therein.

During the effective period of the Agreement the customer may initiate early termination of the Agreement, notifying the Bank respectively in writing within the timeframes stipulated by the Agreement. Early termination of the Agreement at the customer’s initiative is only possible if the customer does not have any outstanding liabilities towards the Bank under the Agreement.

The amendments to the Agreement are made by the parties by signing of an Additional Agreement to the Agreement.

Unilateral repuditation of the Agreement is not allowed.

The Agreement draft is provided to the customer at request.

The service is provided by Raiffeisen Bank JSC, NBU license No. 10 dd. 18.06.2018; EDRPOU code 14305909; the State Register of Banks entry No. 94 dd. 27.03.1992; address: 9, Leskova, Kyiv, 01011; tel: 044 490-88-88; 0 800 505-045; e-mail: info@aval.ua; the state regulation of the Bank’s activities is carried out by the National Bank of Ukraine (9, Instytutska, Kyiv, 01601; hotline: 0 800 505-240).

Commission rate:

The service cost is set individually for every corporate customer as a result of negotiations and depends on the financing period, customer's financial position and cooperation history, availability, type and value of the collateral and other attributes.

Commissions:

List of commissions

Bills for business