Currency operations

Solid Bank conducts currency operations of legal entities for purchase and sale of foreign currency with roubles or with other foreign currency. We offer to our clients free consulting on the stage of import or export contract signing so all requirements of the foreign exchange legislation of Russia could be met.

Currency operations of legal entities conducted by our Bank:

• purchase and sale of foreign currency;

• integrated foreign exchange control;

• international settlements through system of correspondent accounts;

• settlements with CIS countries in Russian roubles;

• documentary operations;

• issuing transaction certificates for export and import contracts;

• informing about changes in currency exchange regulations;

• providing qualified specialists.

Client can receive recommendations on drawing up foreign exchange control documents.

The main advantages of drawing up transaction certificate at Solid Bank include free consulting and promptness of drawing up the documents.

We provide services for international business of Clients. Currency operations of legal entities conducted by the Bank meet the most up-to-date service standards.

International settlements are conducted through a system of correspondent accounts both in roubles and in foreign currency. Clients are offered international settlements related to import and export of goods and services in forms used in international practice:

• Bank transfer.

• Letter of credit.

• Collection of payments.

• Guarantee.

We are ready to provide any consulting assistance about these types of settlements, participate in negotiations with foreign partners, draw up a transaction scheme taking into account costs of bank services and time of operation execution, etc.

The Bank performs operations with different types of import and export letters of credit:

• confirmed and unconfirmed;

• revocable and irrevocable;

• revolving;

• transferable;

• stand-by;

• red clause.

• Bank opens import letters of credit both, with and without clients’ funds reservation; confirms export letters of credit with and without remittance of cover from a foreign bank; and honors letters of credit at sight and with deferred payment option.