Aval of the bills of exchange
Availing of bills of exchange – is acceptance of obligations by the bank under complete or partial payment of bill of exchange for one of the persons obliged on the bill of exchange..
A bank is obligated to pay the bill of exchange in that sum on which he gave a guarantee. Thus, Availing of bills of exchange of JSC «Expobank» is the guarantee of obligations of client before contractors with which disburse the bills of exchange - that makes the clients bills of exchange of JSC «Expobank» the same reliable payment instrument, as well as guarantee of Bank.
Availing of bills of exchange is a credit, namely - by a guarantee operation and carried out in accordance with the credit policy of the Bank.
Except of the commercial bills of clients, Bank Availing tax bills of exchange, which are given out for the postponement of payment of VAT at an import. The use of tax bills of exchange availed by Bank allows importers to utilize a present tax credit without application of bulky and expense procedure of compensation VAT and save circulating assets.
Ø take-back bill of exchange - stand bill of exchange, given out the authority of government tax service the Ukrainian producer for payment of import duty, taxes and collections at the import of take-back raw material on territory of Ukraine;
Ø an excise bill of exchange is a tax bill of exchange, given out by the authority of government tax service by the subject of entrepreneurial activity till the term of receipt from excise storage of alcohol-plant alcohol ethyl, which is utilized for making of excise products;
Ø a VAT-bill of exchange is a tax bill of exchange, given out the payer of tax value-added for the postponement of payment of VAT which levies at the import of commodities on custom territory of Ukraine;
Ø commodity bill of exchange - stand bill of exchange, which is given out for registration of money debt for the actually delivered commodities, executed works, given services.
Ø possibility of both one time availing of bills of exchange and conclusion of general treaty with establishment of general limit of availing bills of exchange within 1 year, within the framework of which possibility is given frequent availing of bills of exchange within the fixed limit;
Ø possibility to utilize more cheap credit resources, because pay after availing bills of exchange - from 1% from the sum of bill of exchange (depending on Your financial state or type of assurance);
Ø possibility to postpone payment of tax collections for the term of bill of exchange;
Ø at the import of commodities you do not distract the circulating assets of enterprise on payment VAT;
Ø possibility to liquidate the bill of exchange by the test of sum of budgetary compensation (at writing confirmation of STAU).
For more information please call us at (044) 502-30-06
