Terms of correspondent banking

The Bank offers the following terms of correspondent banking:

• opening and management of correspondent accounts in the Russian rubles and foreign currency free of charge;

• crediting funds as of the value date;

• providing account statements by 11:00 am (Moscow time) free of charge;

• providing credit notes online free of charge;

• processing of urgent bank orders issued by respondent banks;

• competitive rates for transaction settlements on the correspondent account;

• advisory support on the procedure for issue of payment documents regarding the requirements of the currency legislation of the Russian Federation and the International Settlement Requirements;

• accrual of interest for the monthly average account balance;

•  crediting of the temporary disposable monetary funds to the correspondent account (withdrawal limit);

• trade finance transactions services: letter of credit and guarantee transactions;

• opportunity to use any convenient telecommunication system (S.W.I.F.T., TELEX, “Bank-Client”);

• maximum transparency, prompt provision of information on the current financial situation of the Bank;

• personal approach and high-quality service.