Documentary business

Bank guarantees are a security instrument by which the Bank undertakes an irrevocable obligation to pay the beneficiary of the guarantee the amount of money to which the guarantee relates if the debtor from the basic contract does not fulfill or improperly fulfills its contractual obligations.

ProCredit Bank issues and obtains all types of guarantees in the country and abroad through the network of its correspondent banks:

• Guarantees to secure payment
• Advance repayment guarantees
• Guarantees for good performance
• Tender guarantees
• Customs guarantees
• Guarantees for the orderly repayment of loan installments

In addition to these guarantees, in which ProCredit Bank is the guarantor, we also offer guarantee confirmation services.

Documentary letter of credit represents the safest payment and collection instrument in international trade and as such protects both parties (both buyer and seller).

The buyer is assured that his bank will make payment to the beneficiary if all the conditions of the letter of credit are met, while the seller is protected because he will cash the amount of the letter of credit for the goods sold and exported.

ProCredit Bank issues by order and receives all types of letters of credit for the benefit of its clients and provides all the necessary information and assistance before opening, as well as advisory services related to meeting the terms of letters of credit (preparation, review and sending of documents for collection).

Our offer also includes the services of obtaining letter of credit confirmation.
 

Collection transactions are transactions concluded by international parties in trade in which the exporter submits to the importer for collection commercial documents (invoice, transport document, etc.) or/and financial documents (bills of exchange, promissory notes) through his bank.

Documentary collection is an international payment instrument that is related to the contractual relationship between importers and exporters for shipped goods.

The importer's bank receives clear instructions from the exporter's bank on how to deliver the documents to the importer with payment or acceptance of bills of exchange.