I

Provisions

P: Taxpyers with a turnover of 5 billion and more and top 50 taxpayers of the Republic of Armenia

1

Guarantees for the completion of activities and prepayement  (for development and other activities carried out pursuant to the beneficiary's order)

Contest Participation

Assurance guarantees for the completion of activities and prepayement  (for development and other activities carried out pursuant to the beneficiary's order)

Quality guarantess for the activities completed (accomplished)

Bank guarantees for the prepayment, advance payment for the procurement of goods, telecommunication operators, etc.

2

Currency

Based on the CBA exchange rate list

3

Timeframe

upon the Beneficiary's demand

4****

Interest rate or issuence/release fee (not redeemable)

In favor of a beneficiary in the Republic of Armenia

for a lump sum charge

Contractual

For a monthly charge

Moreover, with a top class mortgage warranty

In favor of beneficiaries outside Armenia (no FFI commission is charged without a required approval  by an international financial organization)

for a lump sum charge

For a monthly charge

Moreover, with a top class mortgage warranty (no FFI commission is charged without a required approval  by an internation financial organization)

5*

Application-bid study fee

Contractual

Moreover, only for funds and/or guaranteed bonds released by the Bank (charged for each credit instrument):

Not defined

6*

Issusance fee charges

lump sum: upon issuance of guarantee

monthly: during the effective period of warranty

7***

Creditor,  bank account availability

mandatory

8

Minimum amount

Not defined

9

Maximum amount

Not defined

10

Mortgager

Resident and non-resident legal entities, individual entrapreneurs and natural entities having attained the age of 18 in the Republic of Armenia  

11

Warranty return assurance

Available in Appendix 1

12

Duties, fines

Contractual

13

Other provisions

*

Defined as a result of credit committee discussion and may be not apply.
Bid study, issuance fee , 
for a credit insrtrument in a foreign currency, the calculation and charging shall be made in AMD based on the Bank's effective commercial exchange rate for conversion,

***

The availability of a bank account is not mandatory for a non-resident guarantor, mortgager

****

However, no less than the profiability threshold established by the  bank. For a credit instrument in a foreign currency, the exchange rate shall be equal to the Bank's sale exchange rate as of the moment of issuing the credit. 

I

Customers shall be granted classes subject to the Bank's "Corporate Client Classification Procedure";     

¹

Client shall be granted classes subject to the Bank's "Procedure for Classifying Corporate Clients".                                                                                                                                                                                                                                                                      

²

Defined as a result of discussions by the Credit Committee and may not apply
Application screening fee, issuance fee ,
for a foreign currency credit instrument, the maintenance fee shall be settled in AMD based on the commercial conversion exchange rate effective at the Bank upon making the payment,

³

The CBD Trade Finance Department shall be the subdivision responsible for FFI commissions