The Bank provides its correspondent banks with the following services:
Issue of guarantee at the order of the correspondent bank's clients in favour of the Federal Customs Service
Bank Petrocommerce issues guarantees to the clients of correspondent banks at the order of the latter in favour of the Federal Customs Service.
Issue of letters of credit at the order of the correspondent bank's clients
Bank Petrocommerce can issue letters of credit at the order of the correspondent bank's clients.
Issue of reimbursement undertakings for confirmation of letters of credit by foreign banks
Bank Petrocommerce can arrange for the confirmation by major international banks of the letters of credit issued by a correspondent bank at the order of its clients.
To confirm the letter of credit, Bank Petrocommerce issues an irrevocable reimbursement undertaking in favour of a foreign bank confirming the letter of credit.