Lending pledged by VAT-Government Bonds, issued for reimbursing the value added tax (VAT).

The product is primarily interesting for the VAT-bonds owners, which have urgent need in working capital, and same time desire to leave the securities in their property.

Loan amount – determined by the amount of total depreciation (collateral) value of VAT-Government bonds, which are taken as pledge.

Loan currency – UAH.

Loan period – defined by the maturity of VAT-Government bonds, which are taken as pledge, i.e. the closing loan date can’t be later than the date of VAT-government bonds repayment.

The form of lending – depends on their purpose:

• to finance working capital is opened short-term revolving credit lines;
• to finance fixed assets (facilities) and / or related activities one-time loans or non-revolving credit lines are provided.

One-time loans and credit lines can be granted under the General Loan Agreement with the term of VAT T-bills maturity, which are taken as pledge.

Loan repayment – repayment period is set according to VAT-government bonds, which are taken as pledge. In this case, in concluded agreements is foreseen loan repayment at the expense of receipts from state budget for repayment and / or payment of VAT-government bonds income in order to minimize the attraction of borrower’s own funds to repay loan agreement obligations.

Pledge for the loan - VAT-bonds issued to reimburse the value added tax (VAT-Government bonds). Registration of VAT-government bonds as pledge is carried by the conclusion between the Bank and the mortgagor - the owner of the VAT-Government bonds (borrower or property guarantor) of pledge agreement and the additional agreement about opening securities account by the custodian about freezing of certain VAT-Government bonds till fulfillment of all agreement obligations.