Trade Financing

The scope of Baltikums Banka customers includes a large number of exporters, importers, and shipping companies in Latvia and abroad. Experienced and professional staff of our payments and documentary operations makes sure that international settlements are performed with no delays.

Thanks to our participation in Euro Clearing and our international network of correspondent banks we can ensure prompt and reliable payment of commercial transfers and transactions in, basically, any currency and anywhere in the world.

We render:

• Pre-export financing services;
• Export financing services;
• Mediation transaction financing services;
• Competitive interest rates;
• Complementary services – insurance, shipping, storage, etc.

We ensure prompt and reliable processing of documentary settlements and guarantee letters.

We actively operate in the documentary operations niche and offer all types of documentary operations:

• Import and export letters of credit (shipping, buying-selling, reserve);
• Collection (financial, net, or documentary);
• Domestic and international banking guarantees (payment guarantees, tender guarantees, liabilities execution guarantees, advance payment return guarantees).

Advantages of the trade financing services:

• Decreasing risks when performing international transactions;
• Decreasing agreement execution failure risks;
• A guarantee that the buyer would receive the goods and the seller – the money;
• An opportunity to optimise cash flows and floating capital;
• An opportunity to expand commercial activities;
• An opportunity to participate in tenders;
• An opportunity to perform complicated transactions.

We will be happy to consult you on ensuring secure transfers, structuring complex trade transactions, and optimising cash flows.

Priority goods when financing transactions at Baltikums Banka:

• Cotton;
• Crops;
• Metal;
• Sugar;
• Mineral fertilisers;
• Oil products.

Terms and conditions of financing:

• We finance:
  • Goods in transit;
  • Goods in stock;
  • Deferred payments;
• Amount of financing – up to 80% of the goods value;
• Mandatory use of services of reliable expeditors, stock-keepers, surveyors;
• Mandatory insurance of the goods.

Baltikums Banka guarantees:

• Unique schemes for performing trade financing transactions;
• Efficient application of a range of financial instruments;
• Free consulting services on international trade and transport logistics;
• VIP-service;
• Individual fees;
• Prompt execution of your orders.