PIVDENNYI bank is leading bank of the South Ukraine as for documentary operations. We render a full range of services in the sphere of documentary operations. Our purpose is to protect Your interests.

PIVDENNYI Bank renders all kinds of Documentary operations:
Documentary Credits Documentary Letter of Credit (L/C) is the obligation of the bank, which has issued the (L/C) on the instructions of a buyer (an applicant or importer), to pay in favour of a seller (beneficiary or exporter) a given amount in an agreed currency providing that the seller forwards documents called for in the L/C and confirming the shipment of goods (provision of services) within the determined period of time.
??? Export Letters of Credit
??? Import Letters of Credit

Bank Guarantees
Bank guarantee is a pecuniary liability of Bank-guarantor to the Applicant??�s creditor for performing of Applicant??�s obligations in full or partially. Bank guarantee in contrast to the Letter of Credit usually does not require documents presentation to the Bank to prove the validity of payment under this guarantee. The payment under guarantee usually performs against only creditor??�s claim. Bank guarantee is a way of payment liabilities??� security, whereas the Letter of credit is a payment method.
??� Bid Bonds (Tender guarantees). This type of Bank guarantee is issued in favor of tender??�s organizer (Beneficiary) to secure the tender participant??�s (Applicant) obligations to sign the goods delivery contract, service rendering contract on the terms stipulated in the tender??�s offer of the participant in case of the victory of this participant. In case the tender??�s participant (Applicant) recalled his tender offer during tender execution or changed its terms, or, in case of his tender??�s victory, refused to draw the contract in accordance with his offer, the tender??�s organizer (Beneficiary) claims from the Bank the amount of penalty for the non-fulfillment of obligations at the expense of Tender Guarantee. The amount of tender guarantee makes usually the fixed rate of the amount of tender??�s offer of the Participant. Usually, Bank guarantee is one of the list of documents that the participant has to present to tender??�s organizer to perform tender??�s procedure.

??� Performance guarantees. This is a type of Bank guarantee that is used to secure the fulfillment of the contractual liabilities of delivery of goods, rendering of services. This guarantee is a security of penalty payment by the Supplier in case of non-delivery. In case of non-fulfillment by the Supplier (Applicant) of his contractual obligations towards Beneficiary, the latter may claim from the Bank the penalty amount at the expense of Bank guarantee. Usually, the amount of such guarantee makes fixed rate of total contract liabilities amount.

??� Advance payment Guarantees. In this type of guarantee the Bank guarantees to the buyer (Beneficiary) to pay the amount of his advance payment performed in favor of the seller (or its part) in case of non-fulfillment or partial non-fulfillment by the seller (Applicant) of his contractual obligations to deliver the goods or to render services.
??� Payment guarantees. This type of Bank guarantee is used to secure the liabilities to pay goods and services. As a rule, guarantees are used to obtain commercial loan. Seller (Beneficiary) agrees to deferred payment provided the security of Bank guarantee. In case The Buyer (Applicant) does not pay in time, the Seller sends to the Bank his payment claim and obtains the amount required (within the limit of Guarantee amount)

??� Loan repayment guarantees. In this type of guarantee the Bank guarantees to the creditor to pay the amount of loan body and interests in case of non-fulfillment by the borrower of his obligations under loan agreement concerning loan body and interests acquittance
Collection
Documentary Collection ??� the Bank's obligation to deliver documents to the buyer in accordance with collection instructions, under the specified conditions.