Corporate banking
Documentary operations

"Muganbank" OJSC offers for legal persons below-mentioned services on documentary operations with manats and a foreign currency in territory of republic and abroad:

The Latter of credit

"Muganbank" OJSC offers for corporate clients a full complex of services on presentation of documentary letters of credit. In this case, during action of the letter of credit, bank of the buyer (bank - the emitter) on the basis of the assignment of the client in favour of the seller, incurs the obligation of payment to the last, with presentation of documents according to conditions of the letter of credit. Documents, as a rule, confirm and reflect the facts given about sending of the goods (cargo), about rendering the certain services, their name, etc.
Only after presentation of written acknowledgement of the fact of the lead operations under the offer of the goods/services (depending on services of the letter of credit) the guarantee on carrying out of calculations is given, and it enables to lower to a minimum commercial risk and provides reliability and speed of calculations.

If the client is the buyer using the letter of credit gives it below-mentioned advantages:

  • A guarantee on receptions of payment for the goods only on the basis of the fact of performance by the seller of treaty provisions;
  • The guarantee on receptions of the goods/services according to conditions and the terms stipulated in the contract;
  • Flexibility of conditions of payment;
  • High reliability (trust)

If the client is the seller using the letter of credit gives it below-mentioned advantages:

  • A guarantee on receptions of payment for the goods/services on the basis in fact of performance of all conditions of the letter of credit;
  • The guarantee on receptions of payment up to the fact of delivery of the goods to the buyer;
  • The opportunity of performance of complex commercial contracts due to flexibility of the letter of credit;
  • High reliability (trust);

In close cooperation with leading financial institutions (organizations), "Muganbank" OJSC provides an opportunity of presentation to our clients of letters of credit confirmed by leading banks of the world.

Guarantee

"Muganbank" OJSC is a full complex of services on presentation of bank guarantees. In this case, bank the guarantor on behalf of the client shows to the addressee of a bank guarantee (beneficiary) a duty about payment of in advance certain sum on the basis of the written requirement beneficiary. This requirement can be accompanied by the documents confirming the fact performance of the contractual duties specified in text of a guarantee.

The bank guarantee is the reliable tool (means) providing insurance of commercial risks and performance of duties. In close cooperation with leading financial institutions (organizations), "Muganbank" OJSC provides an opportunity of presentation to our clients of guarantees confirmed by leading western banks.