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 IMPORT FROM USA |
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| Borrower | Enterprise/company – resident of Ukraine with the experience of business activity in foreign trade not less than 3 years. |
| Creditor | Manufacturers and Traders Trust Company (Allfirst Bank) |
| Security bank | OJSC "Kreditprombank" (Êyiv, Ukraine). |
| Insurant | Export-Import Bank of USA. |
| Amount of loan | 500 000 – 7 000 000 USD |
| Loan period | No more than 5 years. |
| Type of loan | Foreign trade credit. |
| Aim of loan | Financing of foreign trade contracts, signing with American manufacturers/exporters. |
| Delivery of trenches/ credits | In due to conditions of foreign trade contract |
| Repayment of loan | Equal payments every 6 months after realization of export from USA or input of equipment imported from USA in operation. Shorter term may be establish for equipment, second-hand. |
| Collateral | Actives of the borrower, guarantees, other forms of maintenance comprehensible to creditor. Mortgaging cost of maintenance according to an independent expert estimation, in view of system of disscounting, used by the creditor - should cover the sum of potential obligations under the credit contract, including percent, in full. |
| Obligatory conditions |
- Sum of credit should be no more than 85% of total sum of export contract or 100% of the American making total cost of export contract without sum of comissions.
- Participation of own means in the volume not less than 15% of total cost of export contract.
- Insurance of subject of pledge.
- Openning current account in Kreditprombank.
- Borrower should not be in arbitration and litigation conditions.
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| Special conditions | Credit is not given for covering of losses |
| Low expenses | The proved legal charged become covered due to guarantor. |
| Taxes with repayment | If necessary, paid by the guarantor (covered by borrower). |
| Commissions by the letters of credit | If necessary, paid by the guarantor (covered by borrower). |
| Other conditions | Borrower should give the package of documents for carrying out of preliminary analysis of the project. In case of positive result of express-analysis, guarantor suggests the borrower to issue credit application which include the report on credit status of the borrower. This report is prepared by the representative of the creditor in Ukraine according to requirements of creditor and insurant. Commissions for preparance of the report on credit status of the borrower is 0,5%-2% of the sum of credit depending on the project.
Term of application procedure - from 1 till 3 months after receiving by Manufacturers and Traders Trust Company (Allfirst Bank) credit application.
For carrying out of the preliminary analysis of the project you can give necessary questionnaries, which can be received from Kreditprombank web-site |
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| COST OF FINANCING |
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| (Creditor) |  |
| Percent Rate | 6 months LIBOR + spred. Spred 2% annual rate (sum of credit - not less than 2 000 000 USD). Spred 2,5% annual rate (sum of credit 2 000 000 USD and less). |
| Procedure of payment percent rate | Simultaneously with partial return of the credit sum. |
| Commissions payment for openning credit line | 2% of the total sum of credit (sum of credit - more than 2 000 000 USD), 2,5% of the sum of credit (sum of credit 2 000 000 USD and less). |
| Procedure of payment of commissions for openning credit line | At the statement of insurant of each credit. It is paid by the borrower through guarantor |
| (Insurant) | |
| Commissions for insurance | 1% of the sum of every 6 months repayment on credit (included into the sum of credit). |
| Procedure of payment of commissions for openning credit line | Every 6 months repayment of the sum of credit. It is paid by borrower. |
| (Guarantor) | |
| Commissions for the guarantee | 4-6% annual rate from the sum of the guarantee. |
| Procedure of payment for guarantee | Simultaneously with guarantee. |
| Commissions for carrying out of complex examination of project | 0,2% of the cost of the project (without taxes). |
| Procedure of payment for carrying out of complex examination of project | At the moment of contract signing on carrying out of complex examination of project. |
Import from USA