Services for Trade and Export, Conversions

Complete overview of products and services included in the section Services for Trade and Export, Conversions

This list contains an overview of the products and services included in the Services for Trade and Export, Conversions section of Komerční banka. The product and service overview is arranged in alphabetical order.

• Bank Guarantee

  An effective method of decreasing commercial risks relating to doing business. A universal instrument for securing transactions which can be used the world over. A Bank guarantee is created by written declaration by the bank in a letter of guarantee that it will satisfy the creditor up to the level of a specific financial amount if the debtor fails to meet a specific obligation or if other conditions as set out in the letter of guarantee are not met.

  Continue ›

• Bank Cheque Issued by KB

  A secure method of settling commercial payments or private liabilities. KB guarantees cashing of the cheque, so the recipient also gains certainty that he or she will receive his or her money. KB issues bank cheques in several currencies. Bank cheques can be issued by transfer from a current account up to an unlimited level, or in exchange for payment in cash up to the level of CZK 500,000 or the equivalent in foreign currency.

  Continue ›

• Documentary Collection

  A classic documentary payment instrument used above all in foreign trade. This instrument is used in most countries around the world. Documentary collection provides the seller with the certainty that the submitted documents, and goods in the case of documents of title, will not be issued to the buyer until the collection conditions are met.

  Continue ›

• Documentary Letter of Credit

  An effective tool for limitation of risks relating to purchase of goods. One of the most elaborate payment security instruments. A Documentary letter of credit offers high quality payment security for both parties to the commercial transaction – both the seller and the buyer.

  Continue ›

• Export Buyer's Credit

  The Export Buyer's Credit is a specific loan, which is provided by the exporter's bank to a foreign buyer/debtor (the debtor may be the foreign buyer's bank or the foreign buyer himself or herself). The loan is usually provided up to the level of 85% (in some cases up to 100%) of the value of the commercial contract concluded between the exporter and his or her foreign buyer.

  Continue ›

• Financing of an Export Supplier Loan

  Export supplier loan financing – the exporter provides the foreign buyer with deferral of payment for goods or services supplied. The receivable created for the exporter owed by the foreign buyer, which has deferred maturity, is assigned by the exporter to the bank. The bank charges a specific fee for this service and has no possibility of exercising recourse towards the exporter.

  Continue ›

• Foreign Payment Transactions

  Foreign payment – the most widespread and simplest payment instrument in foreign cashless payment transactions. Cashless transfer of funds.

  Continue ›

• Forfaiting

  Forfaiting is assignment to KB for consideration of a client's receivables due in the future, which were created in terms of commercial transactions implemented. This concerns purchase of receivables without recourse to the original owner.

  Continue ›

• Cheques for Collection

  Komerční banka mediates collection of cheques payable in any domestic or foreign bank. The service is available to KB clients and other holders of cheques. The bank is only the intermediary for collection of the cheque and does not guarantee its result.

  Continue ›

• Immediate Payout of Bank Cheques of other Domestic Banks Drawn up in CZK

  Komerční banka, a.s.,cashes bank cheques of other domestic banks with which it has concluded an agreement on mutual payment of bank cheques issued in CZK. Cheques are cashed immediately after verification of the signature on the cheque.

  Continue ›

• Immediate Payout of Checks from Other Banks to the Debit of Loro Accounts Held with KB

  Komerční banka ensures immediate cashing of cheques issued by other banks, issued to the debit of loro accounts held by KB subject to meeting of the stipulated conditions.

  Continue ›

• Immediate Payout of Cheques Drawn Up in a Foreign Currency

  Komerční banka, a.s., cashes certain foreign cheques for its clients and cheque holders who are not its clients immediately on presentation. The quality of the cheque and KB conditions for cashing of foreign cheques are decisive for cashing of the cheque.

  Continue ›

• Receivables Discounting (With Recourse)

  Receivables discounting is assignment to KB for consideration of a client's receivables due in the future, which were created in terms of commercial transactions implemented. This concerns purchase of receivables without recourse to the original owner.

  Continue ›

• TF OnLine – Modern Application for Provision of Trade Finance Products

  The TF OnLine application for secure communication with the bank in terms of Trade Finance products. This is used for sending requests for issue, performance of changes and monitoring the current states of processing of Trade Finance products. Available from anywhere in the world, 24 hours a day, 7 days a week.

  Continue ›