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Letter of Credit

Key advantages for exporters

  • Reduce the risks of international trade across different countries
  • Lower cost 
  • The exporter will be able to secure payment of the goods by providing the documents that meet the terms and conditions as specified in the letter of credit.
  • Reduces production risk, if the importer terminates or changes their order
  • The exporter can obtain pre-financing from the bank after the goods are shipped until they receive payment (subject to post-payment terms) from the importer 
  •  The definite payment date allows the exporter to manage its cash flow effectively
  • Upon presentation of documents that comply with the terms of condition under the LC,  the importer will not be able to refuse the payment of the underlying goods
Categories
Letter of Credit

Import L/C fees and commission

IMPORT L/C

Fees and commission

LC risk premium (non-cash covered)

2% – 4% (annual)

Issuance of L/C

USD 100.00

Amendment to increase LC amount or extend LC

USD 30.00

Amendments to other LC conditions

USD 30.00

Checking of documents under an unconfirmed LC (each set)

USD 50.00

Receipt of LC cancellation request (upon consent of the other parties)

USD 30.00

Payment under LC

USD 25.00

LC confirmation by foreign bank

According to the foreign bank

Inquiries by request of customer

USD 10.00

Discrepancy charge to each set of documents

USD 50.00

Categories
Letter of Credit

Letter of Credit – Process flow

Categories
Brief introduction of the bank

Эрхэм зорилго

We will deliver comprehensive advanced financial solutions supporting sustainable development to each client based on our skilled team, responsible financing, customer-centric service, social responsibility and good governance.

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Brief introduction of the bank

Алсын хараа

Our bank will become a private bank of international standards.

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Brief introduction of the bank

Уриа

Хөгжлийг хурдасгах таны санхүүгийн түнш

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Valuables

Шинийг эрэлхийлэгч

  1. Өөрчлөлт хөгжилд тэмүүлэгч, шинийг эрэлхийлэгч, бүтээлч сэтгэлгээтэй
  2. Өөрийгөө таних, хөгжүүлэхийн төлөө тасралтгүй суралцагч
  3. Зорилгоосоо няцдаггүй, сахилга баттай, манлайлагч
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Current account of gold

Benefits

  • Placing your physical gold termless
  • Secure and safe custodian service;
  • No fees are charged on withdrawal and transaction;
Categories
Current account of gold

Terms and conditions

Terms and conditions
Account currency XAU – Gold
Annual interest rate 0.0%
Minimum balance requirement
Categories
Current account of gold

Other fees