OTP Bank (Russia) offers a wide range of banking services on documentary settlements within international commercial and economic relations.

The main advantage of OJSC "OTP Bank" is its capability to perform transactions under a very tight schedule with competitive tariffs.

Trade finance of our bank is widespread: CIS and Baltic states, states of former Soviet Union and far-abroad countries.

OJSC "OTP Bank" offers a full range of services on documentary letters of credit:

• Arranging, acceptance of a letter of credit and amending the terms of the arranged letter of credit;
• Advising of a letter of credit and amendments to it;
• Check of a package of documents on its compliance with the terms of a letter of credit;
• Arrangement of a letter of credit financed by foreign banks;
• Transactions with such letters of credit as: back-to-back, red clause letters of credit, letters of credit with deferred payment, transferable letters of credit, revolver letters of credit, assignment letters of credit (assignment on revenues), Standby letters of credit;
• Transactions concerning trade financing;
• Acceptance of letters of credit by leading foreign banks;
• Execution of a letter of credit by payment or by draft acceptance or call of payment under letter of credit (rembourser), letter of credit cancellation.

OTP Bank (Russai) can act as:

• Bank of issue;
• Designated bank;
• Confirming bank;
• Bank of reimbursement;
• Advising bank.

OTP Bank (Russia) provides its customers with the full range of collection services. Also OTP Bank issues guarantees of different types (conditional or absolute) complying with the international Unified Rules directly or through correspondent banks:

• Guarantees of payments;
• Advance repayment guarantees;
• Tender guarantees;
• Guarantees as standby letters of credit etc.

Experts of OTP Bank (Russia) are always eager to provide you with highly qualified consultations concerning selection of the most optimal in regard of economic interest, international law and state legislation of parties of a deal, forms and terms of settlements on foreign trade transactions, terms of delivery and payments for goods or services and also deadlines for payments (by installments or without).

We would like to provide you with informational resources that may help you to check the details of your counterparties.