ECA Covered Financing

Advantages of obtaining financing using foreign credit facilities:

The main advantages of obtaining financing using foreign credit facilities are the following:

- wide range of suppliers and foreign banks;

- terms in which the resources are granted depends on the conditions and the loan amount;

- rather low interest rate;

- flexibility of the repayment schedule;

- possible delay in repayment of the principal amount;

- fast decision-making regarding financing.

Possible financing of foreign trade contracts by means of tied loans attracted under interbank loan agreements

Object of financing:

- delivery of equipment (spare parts to delivered equipment which is being delivered, related works, services);

- delivery of machinery and means of transport;

- construction;

- infrastructure projects.

In regard to the Russian Federation, the deliveries of raw materials with a deeper degree of processing are also financed (provided that they are classified as high-technology products in accordance with the FEACN (Foreign Economic Activity Commodity Nomenclature) codes.

Requirements to foreign trade contracts:

- advance payment in the amount at least 15% (this requirement is not so strict in regard to the contracts with the residents of the Russian Federation);

- country content in the object of financing the content of the Exporters country should exceed 50% (or more depending on country requirements to the volume of content).

- the object of financing has not crossed the state border of the Republic of Belarus;

Terms of financing: 1 7 years, for large-scale projects up to 10 years.

Currency of financing: US dollars, euro, Russian rubles.

The Scheme of Financing Under Interbank Agreements

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CONTACTS

Structured and Trade Finance
International Business Department

Tel.: + 375 (17) 309 06 68

Fax: +375 (17) 200 19 06

E-mail: tsf@belarusbank.by

Selected long-term investment projects carried out in 2013-2018

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Experience of cooperation with ECAs and Eximbanks

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