Updated on 18.12.2013
Fees specified in this section are exempt from the VAT
|L/C with 100% money cover|
|1||Open, increase of the amount of guaranteed letter of credit||0,10%||1 000 Rub||15 000 Rub||Of the L/C amount /increase of L/C amount|
|2||Open, increase of the amount of covered letter of credit||0,15%||1 500 Rub|
|3||Receipt and verification of L/C documents (the bank is the designated bank)||0,15%||2 000 Rub||Of the amount of each set of documents|
|4||Receipt and verification of L/C documents (the bank is the issuing bank)||0,1%||1 500 Rub||10 000 Rub||Of the amount of each set of documents|
|4.1||Receipt and verification of L/C documents (the bank is the designated bank)
* for B&N Bank (Joint-Stock Company) branch office in Novosibirsk
|0,05%||500 Rub||10 000 Rub||Of the amount of each set of documents|
|5||Change of L/C conditions (except for amount increase) or cancellation||1 500 Rub||1 500 Rub||Per each change|
|6||Payment under the L/C in favor of the Receiver which is the Bank customer||Free of charge|
|7||Payment under the L/C in favor of the Receiver which is the customer of another bank||2 000 Rub||2 000 Rub||Per each payment|
|8||Receipt of documents provided by the receiver and containing deviations from L/C terms (the Bank is the designated bank)||1 500 Rub||1 500 Rub||Per each set of documents. A receiver is always charged the fee.|
|9||Advice a letter of credit (the Bank is the designated bank)||0,15%||1 000 Rub||30 000 Rub||Of the L/C amount|
|10||Advice changes in a letter of credit||1 000 Rub||1 000 Rub||Per each change|
|11||Withdrawal from a L/C receiver’s account of cash (rubles) within the advised L/C amount (against presentation of the L/C copy) at B&N Bank (Joint-Stock Company)||0,15%||Of the L/C amount|
|12||Transfer from a L/C receiver’s account of cash (rubles) within the L/C amount to account with another bank (on presentation of the L/C copy) at B&N Bank (Joint-Stock Company) branch office in Novosibirsk||0,15%||Of the L/C amount|
|Of the L/C amount|
|1||Open, increase of the amount of a guaranteed letter of credit||by agreement||5 000 Rub|
|2||Confirmation of the guaranteed letter of credit by the Bank (the Bank is the designated bank)||by agreement||5 000 Rub|
The letter of credit allows the payer and the recipient to independently determine the conditions of settlement by a letter of credit (the list of documents confirming implementation of obligations by the seller (recipient of funds by a letter of credit). Within the L/C period of validity its conditions can be quickly changed even without amendments to the purchase and sale contract as agreed by the parties.
A letter of credit guarantees complete control of cash flow from the issuing bank and the designated bank, and also proper verification of presented documents by independent and competent bank experts;
Versus settlements by cash via a deposit safe box, in case of settlements by a letter of credit there is in principle no threat of receiving false banknotes or banknotes of criminal origin.
If there is a cash cover, B&N Bank (Joint-Stock Company) guarantees opening a L/C on the day of filing in the application, and payment on the day of completion of documents verification. If there are corresponding agreements, the L/C Application can be sent by the Payer via the Internet Bank.
A letter of credit can be opened and performed at any B&N Bank (Joint-Stock Company) supplementary office/branch office in the entire territory of the Russian Federation. The recipient should not be the customer of B&N Bank (Joint-Stock Company) and the funds can be transferred to his/her account in any bank of the Russian Federation.
Information about the transaction is available to the minimum number of participants. The Customer does not have to come in person in order to open a letter of credit or submit documents. The Customer can act via an authorized representative who can be an attorney acting both in the interests of the Payer and the Recipient.
A letter of credit is a form of cashless settlements established by the RF legislation and the Bank of Russia. All L/C documents, extracts, letters and notices of banks, payment documents can be officially used at customs, legal, tax and other authorities for VAT return, various tax deductions, confirmations of ownership, etc. Thus, the customer does not have to provide additional confirmation documents proving legal origin of money.
All statements and extracts concerning L/C operations are provided free of charge.
Using letters of credit for settlements for sale and purchase of residential real estates, the Bank’s customers can get free consultations of B&N Bank specialists on payment terms of the contract, currency control, and transaction structuring, involve notaries, representatives of insurance and real estate companies if needed.
The number of documents presented for transactions with a real estate is minimal. As a rule, they include the account, a copy of the ownership certificate, a copy of the purchase and sale contract and the list of documents in a free form. All documents are strictly formalized and the possibility of their wrong execution is minimal.
Advantages of L/C settlements for operations with a real estate include lower cost of transaction versus use of deposit safe boxes taking into account costs of recalculation and check of authenticity of banknotes, rent of a safe box and cost of money transportation by special services/vehicles.