CREDIT AGRICOLE BANK provide possibility for EURALIS SEMENCES UKRAINE LLC products purchasing with delayed payment on profitable conditions:
For the client:
- Special discount policy, discount of EURALIS SEMENCES UKRAINE LLC in amount 10% in case CREDIT AGRICOLE BANK avalized bill or guarantee payment.
- Avoidance of expensive commodity loans.
- Cheaper than bank loan.
- Possibility to change free active working capital credit limit to avalized bills limit.
- Repayment - by the single amount in the end of bill validity period.
- Creating of credit history, that will make possible to improve access for future financing.
- Possibility to release funds for long-term investment financing.
- Aval of the bill means only CAB`s guarantee to pay after the bill, in case if client is unable to do this in time.
• Obligations are transferred from the distributor to the manufacturer: the opportunity to release additional resources / increase sales.
• Risks are transferred to the bank: reducing costs and time for managing receivables allows you to invest more in business development and turnover increasing.
• Satisfied client: inexpensive financing, additional discounts on products, possibility to buy more products.
As a repayment for EURALIS SEMENCES UKRAINE LLC products two instruments are available:
- Availized bill - for clients that have contract with EURALIS SEMENCES UKRAINE LLC distributors.
- Bank guarantee - for clients, that have direct contract with EURALIS SEMENCES UKRAINE LLC.
- Availized bill must be with repayment period till 31 December (for bills drawn from 01 June till 31 October of each year), till 30 October (for bills drawn from 01 December till 31 May of each year).
- Bank guarantee - depends on contract conditions between yours company and EURALIS SEMENCES UKRAINE LLC, but no longer than 12 months.
Bank fee for aval of the bills and guarantee:
- 1% of the amount of the bill for each 90 days if secured by property (other than cash funds placed in deposit account)
- Fee for credit limit setting makes 1% of limit amount for each year of limit usage (payable as a front-end fee on the day of General Agreement signing)
HOW IT LOOKS FOR PRACTICE?
• You contact the official distributor of EURALIS SEMENCES UKRAINE LLC and determine the volume of purchases.
• You contact the nearest of nearly 150 branches of JSC "CREDIT AGRICOLE BANK" for setting bills aval limit and provide a package of documents.
• The bank analyzes the received documents, set the maximum limit for aval of the bills and concludes a general agreement with you.
• As part of this agreement and within the established limit you can issue bills with due date till 31 December (for bills issued within the period from 01 June till 31 October of each year), till 30 October (for bills issued within the period from 01 December till 31 May of each year).
• Every official distributor of EURALIS SEMENCES UKRAINE LLC accepts avalized bills of JSC "CREDIT AGRICOLE BANK" as unconditioned payment.
• You pay for bills obligations in definite time, fee payments on quarterly bases.
• As the collateral could be provided: agricultural machinery or equipment, passenger and freight transport, real estate, borrower's own assets. As an additional collateral harvest of the future period could be accepted, the property rights under the contract.