Uncovered Letter of Credit



Size of letters of credit
Letter of credit term Currency of letters of credit Collateral
  • Maximum value of uncovered Letters of credit:
  • - Not more than 50 000 000 RUB (equivalent in KZT as of the date of making a decision), for a period not exceeding 84 months; 
  • - Not more than 100 000 000 RUB (equivalent in KZT at the date of making a decision), for a period not exceeding 60 months. 
  • Maximum period of the letter of credit:
  •  - Up to 84 months - when the amount does not exceed 50 000 000 RUB (equivalent in KZT at the date of making a decision) 
  •  - Up to 60 months - when the amount does not exceed 100 000 000 RUB (equivalent in KZT at the date of making a decision).

  • Letter of credit validity period is determined depending on the Customer's requirements and conditions of the agreement/contract concluded between the Customer and its partner. 


  • In favour of a resident - letters of credit are opened in KZT.  
     
  • In favour of non-residents - letters of credit are opened in KZT, in RUB, USD, EUR, within the authority granted in accordance with the terms of the contract/agreement concluded between the Customer/third party and its partner, subject to compliance with the foreign exchange legislation of the Republic of Kazakhstan.

  • Immovable property (including land plots), 
  • movable property (motor vehicles, special vehicles, equipment, pledged goods, etc.), 
  • coverage of money in the amount of less than 100%
  • other.