• First, establishing and maintaining relations with financial institutions both in the Russian Federation and abroad and
• second, providing the bank customers with the information of the existing possibilities of cross-border payments* execution and some future options.

*A cross-border payment is a payment where the sender and recipient are in different countries.

Unlike document-associated payments, i.e. documents against payment and letters of credit, which require the seller to meet certain conditions, clean payment is not bound up with any conditions. Payments are best made via SWIFT (Society for Worldwide Interbank Financial Telecommunications), which is an international computer network for payments and notifications. SWIFT has been in existence since 1977. About 7700 banks and institutions worldwide are members of this system. PSCB adopted SWIFT software for payments execution in 2004 and has gained sufficient experience in this field.

Whether you need to provide your buyer with your bank details for payments in roubles or your bank details for payments in foreign currencies we are ready to render you all possible assistance.

If you need to make a cross-border payment in favour of your seller you can use the following reference links to check correctness of accounts’ numbers provided by you counterparties:

• See the table of EURO countries and accounts formats
• Check/Search a British bank Sort Code for payments in GBP
• Check IBAN (International Bank Account Number) of your counterparty for payments in EUR
• Check/Search an American bank Fedwire Participant number for payments in USD in favour of beneficiaries: http://www.fedwiredirectory.frb.org

Should you require any more specific and detailed information, please Contact us