Foreign economic activity

Foreign economic activity and foreign exchange operations

PJSCB "DAVR BANK" provides its clients with a wide range of services related to the registration of all types of foreign trade operations, transfers in foreign currency, conversion operations, cash settlement services in foreign currency.

Our Bank has the opportunity to provide professional advice to bank specialists in the preparation and conclusion of foreign trade contracts in order to minimize operational risks for transactions.

PJSCB "DAVR BANK", being one of the dynamically developing banks of Uzbekistan, in accordance with the current legislation, provides services for all types of foreign exchange transactions, including those conducted under foreign trade, credit agreements, loan agreements, as well as for currency transactions conducted on non-trading transactions.

Highly qualified specialists of PJSCB "DAVR BANK" provide free advice to the Bank's customers at any stage of their transactions. The use of the recommendations of qualified specialists in the work allows the Bank's customers to conclude contracts on conditions that correspond to the norms of currency regulation.

A full range of currency operations is provided by all the branches of the Bank "DAVR BANK".

In the departments of accounting for currency transactions of the Bank's branches it will be possible to obtain recommendations on the compilation of payment terms for contracts in full compliance with the current legislation of the Republic of Uzbekistan, as well as recommendations on the most beneficial forms and conditions of settlements.

            Since October 3, 2016, a new version of the Unified Electronic Information System for Foreign Trade Operations (EEMSO) has been put into operation, according to which data entry by enterprises is carried out with the help of software products "VED contract" and "E-Contract 2".

In order to improve the quality of the Clients' work in the program, the Bank provides free consultations and enters contract data into the E-Contract 2 program. Also in the Head Office of the Bank there is a hotline on the number 248-35-37, according to which complaints and offers of the Clients regarding these services are accepted.

 In connection with the release of the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 199 of July 21, 2014. "On additional measures to improve the monitoring of foreign trade operations in the Republic of Uzbekistan" and in accordance with the Decree of the President of the Republic of Uzbekistan of April 7, 2014 No. UP-4609 "On additional measures to further improve the investment climate and business environment in the Republic of Uzbekistan" from September 1, 2014 The procedure for registering foreign trade contracts with authorized banks is canceled.

Business entities enter data on foreign trade contracts electronically through the Single Portal of Interactive Public Services using an electronic digital signature.

Monitoring of foreign trade contracts of economic entities is carried out by currency control bodies

 

economic entities shall enter the following information: 

 

а) General information on the contract:

  • the name of the importer (exporter) and its requisites, including the TIN;
  • name of foreign partner and his requisites;
  • date and number of the contract;
  • type of the contract;
  • contract subject (goods, work, service);
  • total contract value;
  • contract currency;
  • currency of payment;
  • conditions and terms of delivery of goods, works and services;
  • conditions of payment;
  • additional agreements;
  • acts of work performed and / or services rendered;
  • transfer of a contract to another bank or commodity exchange;
  • completion of a contract operation.

banks make the following information:

b) Information on the flow of funds:

  • date and amount of payment;
  • date and number of the payment order;
  • date of compulsory sale;
  • the amount of compulsory sale;
  • date, number, amount and term of opening the letter of credit and information on its execution;
  • date, number, amount and term of the issued guarantee, the name of the guarantor and information on the execution of the guarantee;
  • date, number, amount and term of the issued insurance policy, name of the insurance company;
  • mutual settlements between contracts;
  • writing-off of receivables and payables;
  • penal sanctions and payment of tax on income of non-residents;
  • commission of a foreign bank.

The following information is entered by customs authorities:

 

c) Information on the shipment and receipt of goods:

  • the name of the goods and the HS code;
  • quantity of goods;
  • country of origin of the goods;
  • date and registration number of the cargo customs declaration;
  • date of shipment / receipt of goods;
  • date of goods crossing the customs border;
  • date of customs clearance of goods;
  • invoice, customs and statistical value of the goods received;
  • customs regime of the shipped or received goods;
  • code of the additional unit of measurement (if necessary);
  • product weight.

 

The full list of services provided by PJSCB "DAVR BANK" to corporate clients in foreign currency:

Opening and servicing accounts in foreign currency:

  • Transfers of foreign currency within the Republic;
  • Transfers of foreign currency funds outside the Republic of Uzbekistan;
  • Operations with cash foreign currency;
  • Conversion operations;
  • Attraction of urgent and savings deposits;

 

Operations related to foreign trade activities:

  • Accounting for foreign trade contracts;
  • Record keeping of additional agreements to export and import contracts;
  • Conversion (purchase / sale) of foreign currency;
  • SWAP operations;
  • SPOT operation;

Documentary operations:

  • Operations with documentary letters of credit in foreign currency;
  • Provision of bank guarantees and guarantees;

International Correspondent Relations

In order to timely conduct transactions in foreign currency, the bank installed a SWIFT system. To date, PJSCB "DAVR BANK" has established correspondent relations with leading banks of Uzbekistan and Europe.

1 National bank for Foreign Economic Activity of the Republic of Uzbekistan Republic of Uzbekistan, Tashkent city, 100047, Istiqbol street, 23 NBFAUZ2XXXX 21002840900000450001
21002978700000981002
21002643600000981001
2 Bank Ipak yuli, Open Joint-stock Innovation Commercial bank Republic of Uzbekistan, Tashkent City, 100017, A.Qoditiy street, 2 INIPUZ22XXX

21002840800000981001
21002978700000981001

3 Uzbek Industrial and Construction bank, Open Joint-Stock Commercial bank Republic of Uzbekistan, Tashkent city, 100000, Shakhrisabz street, 3 UJSIUZ22XXX

21002840000000981001
21002978900000981001
21002643000000981001

4 Open Joint - Stock Commercial bank, Unistream Russia, 127083, Moscow, Verkhnaya maslovka street, 20, 2 BLD. UMTNRUMMXXX

30111840500010000114
30111978800010000113

5 Public corporation TRANSCAPITALBANK Russia, 109147, Moscow, str. Vorontsovskaya, 27/35 TJSCRUMMXXX

30111840000000000139
30111978600000000139
30111810700000000139

6 KB KOOKMIN BANK (HEAD OFFICE) Korea, Seoul, No.26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu. CZNBKRSEXXX

8C8-8-USD-01-9

 

Our legal address and SWIFT bank

7 Private Joint stock commercial bank Davr Bank Republic of Uzbekistan, Tashkent city, 100021, Navoiy-Zarqaynar street, Block A

DVRBUZ22XXX

 

The samples of the basic forms for filling in and submitting to the bank are given below for downloading (samples of basic forms for filling are available only in Russian)

 

Purchase of foreign currency

 Gene Contract of UzRVB Purchase

Application for the purchase of foreign currency Clien

Information on the execution of the contract

List of attached documents

  

Sale of foreign currency

 Gene The contract of UzRVB Sale

Application for sale of foreign currency Client

 

TARIFFS
commission for execution of orders of legal entities in foreign currency

 

1. Maintenance of current accounts
1.1 Opening and maintaining an account free
1.2 Issue of account statement free
1.3 Provision of certificates and duplicates on archival documents (account statements, confirmation of SWIFT / TELEX messages) 25 000 UZS 
1.4 Calculation of interest on the credit balance free
1.5 Commission for SWIFT / TELEX messages 50 000 UZS 
1.6 Indemnification of postal and courier costs According to the tariff of courier service       
1.7 Search of the amount, additional requests (on behalf of the client / correspondent bank) 125 000 UZS  + commission of a foreign bank
1.8 Issuance of references to the client's request 25 000 UZS 
2. Transfer
2.1 Transfer of client's funds outside the Republic of Uzbekistan in foreign currency:
2.1.1 - with expenses for the beneficiary 0,1% of the amount (maximum 3 000 000 UZS) + commission for SWIFT / TELEX messages
2.1.2 - without costs to the beneficiary 0,1% of the amount (maximum 3 000 000 UZS) + commission for SWIFT / TELEX messages + commission of the correspondent bank
2.2 Transfer of client's funds in the territory of the Republic of Uzbekistan in foreign currency:
2.2.1 transfer of funds to other accounts of the account holder opened in other banks of RUz commission for SWIFT / TELEX messages
2.2.2 transfer of the account balance in connection with the closing of the account with the Bank 0,1% of the amount + commission for SWIFT / TELEX messages + commission of a foreign bank
2.2.3 - transfer of funds to the accounts of other organizations opened in  other banks of RUz commission for SWIFT / TELEX messages
2.3 Transfer within the Bank's branch network free
2.4 Change, refund, cancellation of transfer (not through the fault of the Bank) after its acceptance for execution 100 000 UZS + commission of a foreign bank
2.5 Crediting funds to customer accounts free
3. Trade finance operations
3.1 Import letters of credit, including stand-by letters of credit:
3.1.1 Execution of documents for opening a letter of credit free
3.1.2 Payment by letter of credit free
3.1.3 Opening of a letter of credit 0.1% of the amount (per quarter or part thereof) maximum 5 000 000 UZS + commission for SWIFT / TELEX messages
3.1.4 Prolongation and / or increase in the amount of letter of credit 300 000 UZS + commission of a foreign bank
3.1.5 Changes in the conditions of the letter of credit (except prolongation and increase in the amount of the letter of credit) 250 000 UZS for change + commission for SWIFT / TELEX messages
3.1.6 Receiving and checking documents 50 000 UZS for each document (required by the terms of the letter of credit)
3.1.7 Cancellation of a letter of credit before expiry 150 000 UZS
3.1.8 Correspondence on documentary operations 50 000 UZS for each message
3.1.9 Provision of documents containing discrepancies with the terms of the letter of credit 150 000 UZS for each document (at the request of the client, the commission can be paid by the client of the bank at the expense of its own soum funds, or it is withheld from the foreign partner in foreign currency at the rate of the Central Bank of Uzbekistan on the day of payment)
3.2 Export letters of credit:
3.2.1 Transfer of export proceeds free
3.2.2 Preliminary advising of a letter of credit 125 000 UZS
3.2.3 Advising of a letter of credit 250 000 UZS
3.2.4

Confirmation of the letter of credit:

- coated in a can

- uncoated in the bank
0.1% of the amount (per quarter or its part) minimum 500 000 UZS, maximum 5 000 000 UZS + commission for SWIFT / TELEX messages by agreement
3.2.5 Receiving, checking and sending documents 75 000 UZS for each document required by the terms of the letter of credit + commission for SWIFT / TELEX messages + expenses of courier service
3.2.6 Advising of changes in the terms of a letter of credit or its cancellation 200 000 UZS
3.2.7

Prolongation or increase in the amount of the letter of credit:

- confirmed or covered by the bank

- confirmed without coverage by the bank
0.1% of the amount (per quarter or part thereof) minimum 250 000 UZS, maximum 2 500 000 UZS by agreement
3.2.8 Correspondence on documentary operations 50 000 for each message
4. Guarantee operations
4.1 Issuance of a guarantee by agreement
4.2 Changes to the terms of the issued warranty or cancellation 500 000 UZS + commission for SWIFT / TELEX messages
4.3 Payment under warranty free
4.4 Advising / Confirming the terms of the guarantee 250 000 UZS
4.5 Advising / confirming changes to the terms of the guarantee or canceling the terms of the guarantee 125 000 UZS
4.6 Registration and verification, sending documents to receive payment under the guarantee 100 000 UZS for the document required by the terms of the guarantee + commission for SWIFT / TELEX messages + expenses of courier service
4.7 Verification of documents, authenticity of keys / signatures for guarantees 250 000 UZS
4.8 Sending SWIFT messages on guarantees Commission for each SWIFT / TELEX message
5. Conversion operations
5.1 On foreign currency purchase transactions conducted in the domestic foreign exchange market 0,00 - 50 000,00 US dollars - 1% of the amount *
50 000,00 - 80 000,00 US dollars - 0,8% of the amount *
80 000,00 - 100 000,00 USD - 0,6% of the amount *
more than 100 000,00 US dollars - 0,5% of the amount *
more than $ 300,000.00 - by agreement *
* in the equivalent of the amount of the submitted application for conversion at the rate established at the auction of UzRVB
5.2 On foreign currency sale transactions conducted on the domestic foreign exchange market, including SPOT 0.1% of the amount (collected in amounts at the rate of UzRVB on the day of transaction)
5.3 On transactions of purchase and sale of one foreign currency on another 0,3% of the required amount in national currency *
6. Operations with cash currency
6.1 Acceptance of cash foreign currency free
6.2 Issuance of cash foreign currency to a legal entity (travel expenses) 0,3% of the amount, minimum 10,000 UZS
7. Operations with derivative financial instruments
7.1 Implementation of SWAP operation for purchase of foreign currency by the bank by agreement
7.2 The operation of SWAP for sale by a bank of foreign currency by agreement
8. Servicing of foreign trade contracts
8.1 Registration of the electronic certificate on settlements under export contracts in the system 50 000 UZS
8.2 Registration of the electronic certificate on settlements under export contracts in the system of the EHEA, providing export of goods against insurance policies 0,8% of the reference amount for the calculations (minimum 500,000 UZS)

 

Commission commission of the bank, including commissions of foreign banks, charged to the accounts of customers of PJSCB "DAVR BANK", are charged in national currency at the rate of the Central Bank of RUz on the date of the transaction.

When charging the commission with a bank by the correspondent of the PJSCB "DAVR BANK", the reimbursement of expenses is made at the expense of the client of the PJSCB "DAVR BANK".

Unilaterally, the Bank may amend these Tariffs, with which the client agrees and has no further claims to the bank.

* In case of conversion of one foreign currency purchased in the domestic foreign exchange market into another foreign currency, commission fees will be debited from the deposit account to the customer's demand in the national currency at the rate of the Central Bank of the Republic of Uzbekistan on the date of the transaction.

 

  Tariff plan for legal entities

 

 


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