Documentary letters of credit

Evrofinance Mosnarbank offers its clients various ways of placing temporarily free funds to obtain additional income:

  • Deposits (term deposits)
  • Evrofinance Mosnarbank promissory notes
  • Certificates of deposit
  • Minimum account balance in foreign currency and rubles
  • Client funds management (construction of a financial portfolio)
  • Brokerage operations in the financial market

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Evrofinance Mosnarbank has extensive experience in conducting settlement transactions both domestically and abroad. Throughout its development, the Bank has specialized in servicing the export and import operations of the Russian exporting enterprises.

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Evrofinance Mosnarbank offers its clients the use of individual safety deposit boxes (safe deposit boxes), which are located in a special safety vault of the Bank equipped with modern security system and ensuring a high degree of protection.

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The Bank provides a wide range of loan products in rubles and major currencies that are able to meet the borrowing needs of virtually any enterprise, regardless of its specific activity.

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Evrofinance Mosnarbank is one of the leading participants of the Russian stock market. We provide professional services to our clients and partners, providing them with a full range of securities transactions permitted by the Russian legislation on the Moscow Exchange stock market.

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As an active participant of the investment market, the Bank provides its clients with effective access to its opportunities, including direct investment in the equity of over-the-counter companies (Private Equity).

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EVROFINANCE MOSNARBANK JSCB OJSC offers to its Clients a remote bank service system (hereinafter referred to as the Client-Bank System), developed by the company Bank Soft Systems (BSS), which allows our Clients to settle bank transactions and send official and aleatory documents to the Bank with the option of file enclosure via the Internet, without leaving the office.
Operation Charge Note
4.1 Documentary letters of credit in roubles
Letters of credit issued by EVROFINANCE MOSNARBANK
4.1.1 Opening of a L/C
• paid 0.15%
min RUB 1,200
max RUB 35,000
for a three-month period or its part
• unpaid by agreement
4.1.2 Increase in the amount of L/C, extension of L/C 0.15%
min RUB 1,200
max RUB 35,000
for a three-month period or its part
4.1.3 Other amendments to L/C terms and conditions, cancellation of L/C (as requested by client prior to the expiry date) RUB 1,200
4.1.4 Examination of documents under L/C 0.15%
min RUB 1,200


0.15%
max RUB 3,000,000
L/C amount
is less then
RUB 300,000,000


L/C amount
is equal to or above
RUB 300,000,000
4.1.5 Drawing up of L/C drafts by agreement plus VAT (current rate)
L/Cs issued by other banks
4.1.6 Advising, increase in the amount of L/C 0.15%
min RUB 1,200
max RUB 35,000
4.1.7 Other amendments to L/C terms and conditions, cancellation of L/C (as requested by client prior to the expiry date) RUB 1,200
4.1.8 Examination of documents under L/C 0.15%
min RUB 1,200



0.15%
max RUB 3,000,000
L/C amount
is less than
RUB 300,000,000



L/C amount
is equal to or above
RUB 300,000,000
4.2 Documentary letters of credit in foreign currency
Documentary letters of credit for export
4.2.1 Advise of the forthcoming letter of credit RUB 300
4.2.2 Advise, increase of the LC amount 0.15%
min RUB 1,200
max RUB 45,000
4.2.3 Confirmation of the letter of credit of EVROFINANCE MOSNARBANK, increase of the amount and/or extension of the confirmed letter of credit:
• paid 0.2%
min RUB 1,200
for a three-months’ period or a part thereof
• unpaid by agreement
4.2.4 Change of other conditions of a letter of credit, early cancellation RUB 1,200
4.2.5 Payment, verification, receipt and sending of documents 0.15%
min RUB 1,200
+ actual costs
4.2.6 Commission for installment of payments under a letter of credit:
• unconfirmed by EVROFINANCE MOSNARBANK 0.1%
min RUB 1,200
max RUB 30,000
for a three-months’ period or a part thereof
• confirmed by EVROFINANCE MOSNARBANK 0.2%
min RUB 1,200
for a three-months’ period or a part thereof
4.2.7 Transfer of a transferable letter of credit 0.15%
min RUB 1,200
4.2.8 Analysis of contractual payment terms and/or development of draft letters of credit on the customer’s request

RUB 3,000 Plus VAT (effective rate)
Documentary letters of credit for import
4.2.9 Preliminary notice to a foreign bank on issuance of a letter of credit RUB 300
4.2.10 Withdrawals, increase, extension of a letter of credit:
• paid 0.2%
min RUB 1,200
for a three-months’ period or a part thereof
• unpaid by agreement
4.2.11 Change of the LC conditions, including early cancellation (apart from increase and extension) RUB 1,200
4.2.12 Payment, verification, receipt and sending of documents 0.15%
min RUB 1,200 + actual costs
4.2.13 Installment payment, draft acceptance 0.2%
min RUB 1,200
for a three-months’ period or a part thereof
4.2.14 Analysis of contractual payment terms and/or development of draft letters of credit on the customer’s request RUB 3,000 Plus VAT (effective rate)

1 1) Revaluation commission is charged at the increase rate. 2) For letters of credit with the amount specified as “about, “approximately” or +/- in %, the commission for advice, issuance, confirmation, extension and revaluation shall be charged from the maximum amount of the LC utilization (LC amount +10% / or % stipulated by terms and conditions of a letter of credit)

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