Merchant banks / Торговые банки

Merchant banks have traditionally specialised in arranging medium and long-term export finance. In additon by using their associates and other close banking connections abroad, they are able to advise on and arrange finance for the exports of other industrialised countries under their own national schemes.
Merchant banks can also arrange Eurocurrency loans of all types. Eurocurrency loans are often required to cover the front-end finance, i.e. normally the financing of down payments by buyers for large projects abroad. For certain projects it is sometimes possible to arrange other types of finance e.g. equity participations, co-financing loans from international development agencies or aid funds. In suitable cases ar¬rangements can be made for medium-term, fixed-rate finance in the Eurobond markets by way of private placements or public offerings of bonds to finance major overseas projects.(Alternatively it is sometimes possible to issue floating-rate notes which provide medium-term finance at floating interest rates but subject to a minimum fixed rate.
All or some of these elements can be combined to give a complete package which can provide up to 100 per cent of the financing of acceptable projects.
Security for the finance normally involves government, bank or other first class guarantees. However, in appropriate cases it is possible to secure the loan and to service the debt from future project income. A merchant bank can act as agent or trustee for all the lenders in a particular package. In this way it becomes the sole point of contact between borrowers and lenders throughout the life of the credit facilities provided.