A framework credit facility for procurement of fixed assets under which the following lending instruments are used:
- Uncovered letters of credit with the option of post-financing/discounting/deferred payment (hereinafter - the "Letter of Credit");
- Loans without opening a revolving credit line (hereinafter - the "Loan").
THE AMOUNT OF THE LETTER OF CREDIT / LOAN depends on the financial condition of the potential Borrower, the volume of its business and the source of the loan repayment. |
CURRENCY OF THE LETTER OF CREDIT / LOAN – US Dollar/Euro; |
FCF TERM - up to 37 months; |
THE LETTER OF CREDIT IS VALID for up to 12 months; |
LOAN TERM - up to 24 months; |
INTEREST RATE/RISK PREMIUM-by agreement. |
OTHER EXPENSES ON THE LETTER OF CREDIT-according to the tariffs of a foreign Bank; |
REPAYMENT OF THE RISK PREMIUM UNDER THE LETTER OF CREDIT – every month on the 5th day; |
REPAYMENT OF INTEREST ON THE LOAN - every month. Interest is accrued on the actual balance of the loan debt; |
REPAYMENT OF THE LOAN AMOUNT - monthly equal payments; |
COLLATERAL FOR THE LOAN - collateral can be a pledge of property (including personal and third parties-both legal entities and individuals) using a discount*:
In addition, other types of collateral not prohibited by the legislation of the Republic of Uzbekistan, including the guarantee of the State Fund for business support, can be the collateral for the loan. Combined security is possible. |
Basic requirements for a potential borrower:
Expenses after a positive decision is taken regarding the provision
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