Companies importing investment goods from abroad are provided from foreign correspondent banks, under the insurance of Export Credit Agency (ECA) and through the guarantee of banks, medium or long term financing. ECA organizations provide insurance for the exportation of exports from their countries. Country Loans are suitable for companies that need medium and long term resources when importing investment goods. In such loans, the exporter company pays his money in advance from the correspondent / intermediary bank and the importer realizes the payment with maturity. 85% of the purchase-sale contract is financed and 15% is transferred by the importer company in advance to the exporter company.
In addition, in some transactions, the Bank tries to obtain a more favorable price than Country Loans by conducting a special and bank based discounted letter of credit pricing. Generally, the system works with one year grace period and the next 6 months with interest and principal payment.
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