Purpose of loan
Funds necessary for the purchase of raw materials, components, spare parts in the framework of the directly funded RKDF investment projects.
Commercial companies of various organizational and legal forms, financed directly by the RKDF that meet the following qualification requirements in the framework of EDB agreement:
Framework agreement for the current assets
Loan amount and currency
The maximum amount of a framework agreement is 3.0 million US dollars
The minimum amount of a framework agreement is 100 thousand US dollars
The RKDF has the right at any time unilaterally to change the amount of the Framework Agreement with the obligatory writing notification of the Borrower.
The amendment of the Framework Agreement amount does not entail early repayment of the Borrower current obligations to the RKDF in force on the date of the Framework Agreement amendment.
Not more than 12 (twelve) months
In tranches based on Individual Loan Agreements under the Framework Agreement.
The minimum tranche amount is 100,000 (one hundred thousand) US dollars
Up to 24 (twenty four) months
In US dollars (USD): from 6М LIBOR1 + 5% per annum
The interest rate can be revised twice a year due to the change in the LIBOR rate.
In case of a change in the interest rate, the RKDF notifies the Borrower in writing (according to the terms of the Loan Agreement).
Some types of collateral are subject to insurance in accordance with the RKDF requirements. The RKDF must be listed as the Beneficiary in insurance policies to receive insurance compensation
Borrower own contribution
The borrower must provide own contribution in the amount of at least 20% of the project current assets amount throughout the Loan Agreement validity term. Own contribution can be expressed in monetary items or assets involved in the project implementation (project for which a loan is requested).
Loan and interest repayment by Borrower
Early loan repayment
Once every six months, the Borrower has the right for the early repayment of the loan principal (part of the loan principal) together with the interest accrued by the date of early repayment and another amounts payable subject to the written notification of the RKDF no later than 15 (fifteen) working days indicating the early payment amount and the date of payment.
In the event of the loan principal (part of the loan principal) early repayment is not carried out on the date of interest repayment, the Borrower shall additionally pay the RKDF an early repayment commission in the amount of 1 (one) percent of the early repayment amount.
Loan disbursement monitoring
The RKDF has the right to monitor the fulfillment of obligations by the Borrower in accordance with the requirements of the RKDF internal regulatory documents.
1 Libor (Eng. London Interbank Offered Rate) - weighted average interest rate on interbank loans provided by banks operating in the London interbank market with the offer of funds in different currencies and for different periods - from one day to 12 months - http://www.global-rates.com, http://www.global-rates.com/interest-rates/libor/american-dollar/usd-libor-interest-rate-6-months.aspx