About bill avals
A bill aval is a bank guarantee on a bill of exchange. By signing the bill, the bank undertakes to make payment if the company issuing the bill fails to meet its financial obligations
Promissory note
A financial document containing a written promise by the debtor to pay a specified amount of money on a set date unconditionally.
Bill of exchange
A financial document containing a written order from the issuer to pay a specified sum to the holder of the bill or to a third party on demand.
Benefits of use
Fulfilment of financial obligations
Increased liquidity
Reduced credit risk
Terms of aval issuance
Minimum amount
UAH 500,000
Currency of the bill
UAH
Aval term
From 3 to 12 months
Aval issuance fee
0.5% of the bill amount
Aval administration fee
3,5 %
Сancellation or early repayment of the bill available