MEGABANK Clients to Buy Products of BASF with Delay of Payment
OREANDA-NEWS. June 28, 2012. BASF is the world’s leading chemical company which produces protectants for plants (Germany). It opened EUR 500,000 credit line to "MEGABANK" for cooperation on bills avalized by the bank, reported the press-centre of MEGABANK.
Agricultural companies which are MEGABANK's clients have a chance to get "BASF" products from its authorized distributors in Ukraine with delay of payment showing bills avalized by the bank.
Thereby the bank’s clients will be able to start a sowing season on timely basis and use modern protectants for plants and pay for them at the end of the season from money got from sales of harvest.
Reference. PJSC "MEGABANK" also cooperates with "Bayer" (Germany) – another world’s leading chemical company which produces protectants for plants on bills avalized by the bank.
Aval is a bank guarantee on bill or cheque.