Aval of bills of exchange and promissory notes

Within international trade, the aval of financial documents is a simple solution to guarantee funds.

  • Provides trust and comfort to business partners
  • A flexible structure of collateral guarantees
  • Specialized consultancy from a BCR representative

Features

The Aval is a guarantee given by the bank, on the face of bills of exchange/promissory notes, for the payment obligation of the principal debtor, for the amount stipulated in the relevant instrument or for a part thereof.

Building business relationships

BCR, as the most important financial group in Romania, a member of Erste Group, with an extended network of correspondent banks at international level provides you with personalized solutions for the development of business relationships with your partners through the aval of bills of exchange and promissory notes.

For additional information, you can contact any Commercial Centers.

Advantages

  • Provides trust and comfort to business partners, as the bank guarantees the fulfillment of the payment obligations
  • A flexible structure of collateral guarantees
  • For revolving Avals:
    • reduced costs related to constituting the collateral guarantees(such being constituted only once)
    • possibility of performing new drawings/aval processes once the amounts related to the guaranteed “per aval” instruments have been collected
  • Specialized consultancy from a BCR representative related to the “per aval” solution for your financing needs

Guarantees

  • According to the collateral guarantee structure accepted by the Bank: real estate pledges, movable securities, personal guarantees (suretyship, bank guarantee letters, aval of promissory notes/bills of exchange etc.), others
  • Depending on their nature, the goods under guarantee are insured in favor of the Bank.

Talk to a specialist

Mihaela Trasnea

Letter of Guarantee Expert

0373.516.262

Andrei Zaharescu

Supervizor Garantii Bancare

0373.516.252

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