Trade finance

Nordea Bank offers Russian and foreign financial institutions a comprehensive set of trade finance services.

The primary goal of trade finance is using the support of stable, long-term banks to finance customer business by attracting investment by international financial institutions, as well as the use of guarantees to pay on export contracts.

• Open documentary letters of credit on behalf of financial institutions
• Confirmation of letters of credit by foreign financial institutions
• Letters of advice in any region promptly and at minimal expense
• Execution (by immediate payment, deferment or draft acceptance) and confirmation of letters of advice without set limits
• Discounting of deferred export letters of credit drawn on first-class foreign financial institutions
• Documentary letters of credit as collateral (transferable and back-to-back letters of credit)
• Reimbursement authorisation for letters of credit and payment of reimbursement undertakings without set limits
• Direct payment of bank guarantees on behalf of Russian and foreign beneficiaries and counter-guarantees on behalf of foreign financial institutions
• Payment of customs guarantees on behalf of the Federal Customs Service against counter-guarantees by Russian and foreign financial institutions
• Development of customised payment plans and financing for export trade, with any documentary instruments in any currency.

Additional information can be obtained from the Financial Institution Management Division at +7 495 777 34 77 ext. 1226, 1283, 1297.