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Bill avalization – operation according to which the bank undertakes the responsibility to pay the bill for payer in case of failure to pay the bill by such payer within payment period.
|For buyer (payer)||For seller (bill owner)|
|Conditions of bill avalization|
|Types of bills which could be avalized|
|Currency of bills||UAH|
|Requirements for collateral||cash cover, property rights for deposit||real estate, equipment, vehicles, other assets and their combination|
|Insurance of pledged property||-||at any insurance company approved by the bank on client’s choice|
|Bill avalization cost|
|Other bank’s commissions||other commissions could be set as per arrangement with a client|
|Other possible costs||payment for the services of third parties (insurance company, notary, property appraiser, etc.) - according to the tariffs of such third parties chosen by the client for receiving the relevant services|
 bill avalization costs could be set individually as per arrangement with a client
 commission indicated in foreign currency to be paid as per official NBU rate indicated on the date of its payment
Package of documents for bill avalization depends on structure of the operations and collateral. You can obtain detailed information by contacting your personal manager or by visiting our branch in your city/town.