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Credit Agricole / Agro business / Partner programs / Bills and guarantees / LLC SUMMIT-AGRO UKRAINE

LLC SUMMIT-AGRO UKRAINE

CREDIT AGRICOLE BANK provides the possibility to purchase products of LLC SUMMIT-AGRO UKRAINE with payment deferral on beneficial terms.

ADVANTAGES
For the Customer	For Distributor
Special discount policy, discounts of LLC SUMMIT-AGRO UKRAINE makes up to 6% when payment is made through the bill avalized by CREDIT AGRICOLE BANK or bank guarantee Avoidance of expensive commodity loans Cheaper than the bank loan Possibility to replace valid working capital credit limit with bill avalization limit Repayment is made in bulk amount at maturity of the bill Development of positive credit history – possibility to improve access to bank finance in future Possibility to release funds for long-term investment finance Bill avalization only means CAB guarantee to pay under the bill if the customer fails to do it in time	Liabilities are transferred from the distributor to the manufacturer: possibility to release additional resources / increase sales Risks are transferred to the bank: reduction of costs and time for receivables management allows to invest more in business development and increase turnovers Satisfied customer: unexpensive finance, additional discount for products, possibility to buy more products

Two instruments are proposed as payment for products of LLC SUMMIT-AGRO UKRAINE:

Avalized bill – for customers having contracts with LLC SUMMIT-AGRO UKRAINE’s distributors
Bank guarantee – for customers having direct contracts with LLC SUMMIT-AGRO UKRAINE

Period of validity:

Avalized bill shall have the maturity date before 20 December (for bills issued from 1 September to 30 October of each year), before 30 November (for bills issued from 1 December to 30 May of each year)

Bank guarantee – depends on the terms of the contract between your company and LLC SUMMIT-AGRO UKRAINE

Fee of the bank for bill avalization and issue of 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 bill avalization limit setting / bank guarantee provision makes 1% of limit amount for each year of limit usage (payable as a front-end fee on the day of General Agreement signing)