Raiffeisen Bank 

[ ↓ vstup na účet ↓ ] [ ↓ k menu ↓ ] [ ↓ k rychlé navigaci ↓ ] [ ↓ k vedlejší navigaci ↓ ]

Infoline: 800 900 900

Buyer's Credit (Export Customer Credit)

This credit is for the financing of receivables arising from the export of significant volumes of deliveries, in particular of an investment character, engineering products and related services. It is governed by the conditions of the OECD Consensus and can be provided up to a maximum of 85% of the amount of an export contract for a medium- or long-term credit, or up to 100% of its value for a short-term credit. It is usually provided in the currency of the financed receivables.

Benefits

  • The exporter receives payment immediately after delivery.
  • The exporter does not bear the risk of non–payment of the receivable – Raiffeisenbank provides the credit to the importer’s bank or directly to the importer.
  • The credit does not burden the exporter’s balance sheet.
  • Low interest costs paid by the importer in comparison with credits provided in some countries.
  • The credit can be provided within a comprehensive financing scheme for a contract, including financing of production and the provision of guarantees.
  • The financing conditions are comparable with the conditions for exporters in OECD countries, so Czech exporters can match foreign competitors.
An export customer credit enables the financing of receivables even from the largest export contracts.

An buyer's credit is structured trade financing whose conditions and design are specific for each business case and require the active co-operation of Raiffeisenbank in the whole process of preparation, implementation and payment of the export contract.

The basic conditions for the provision of the credit include

  • Insurance of the credit by an export insurance company;
  • At least 50% of the financed export must be of Czech origin;
  • No less than 15% of the total value of the contract is paid by the importer in advance, usually before the first drawing of the credit;
  • The credit can be used to finance costs arising in the country of delivery (local costs) accounting for up to 30% of the value of the contract;
  • Raiffeisenbank concludes a contractual relationship with both the foreign beneficiary of the credit and the domestic exporter.

Raiffeisenbank concludes a credit agreement with the beneficiary of the credit and a contract on implementation of an buyer's credit with the exporter.

Collateral

The basic collateral for the credit is its insurance by an export insurance company.


Additional navigation

[ ↑ k obsahu ↑ ]