A bill for agribusiness

CONDITIONS:

• Goods: pesticides, fertilizers, seeds and other products used in the manufacture and storage of agricultural products.
• Manufacturers of products: BASF, Syngenta, BAYER, MONSANTO and others.
• Suppliers of goods: goods manufacturers and their official distributors.
• Buyers of goods: agricultural sector enterprise.
• Conditions of payment for the goods: trade credit (from 30 to 360 days).
• Calculation tool: Bill, under which the payer is a buyer of goods.
• Types of Bills: promissory notes, bill of exchange.
• Terms of Bills: from 30 to 360 days within a calendar year.
• Amount of bills: to the amount of value of goods.
• Guarantor: JSC "Ukrsotsbank": Aval available for clients - payers of bills.
• Client Requirements: stable financial condition and credit worthiness.
• The term of the agreement on the provision of collateral: up to 5 years.
• Amount of Aval: Aval within the limit set for the client.
• Security Aval:
  
  
  • collateral real estate, personal property, property on deposit;
  • insurance of pledged property in any of the accredited bank-guarantor insurance companies.
• Aval Price: depends on the procurement of goods, the period of its selling, the period of production.
• Product price: value of goods, net of discount.

ADVANTAGES FOR SUPPLIERS AND BUYERS OF GOODS

• Reducing the costs of the company, compared to the cost of working capital or bank loan.
• The cost of aval is 3-4 times cheaper than traditional lending.
• Favorable conditions of sale/purchase of goods: price, trade credit, covering the risk of non-payment.
• Effective management of accounts receivable/payable for the goods.
• Release of funds for investment.
• Creating a positive credit history.

ADVANTAGES OF AVAL BY JSC "UKRSOTSBANK"

• Bill with aval by JSC "Ukrsotsbank" - is a liquid design tool. JSC "Ukrosotsbank" - Guarantor - one of the most reliable financial institutions in Ukraine.
• Broad Bank's regional network - the guarantor.
• Centralized support and monitoring of each availed bill.
• Free consultancy support by bill specialist of the Bank.