BIG CORPORATE SERVICES
Overdraft is a form of credit facility, which occurs when a customer makes payments that exceed the available balance in his current account. this type of financing is popular among clients with changing financial needs, as this account enables them to secure additional liquidity and manage cash flow gaps if they arise.
The revolving loan allows withdrawing the loan amount, paying it and then withdrawing it again in any way and as much as the customer wants, until the end of the agreement term. the economy bank for investment and finance treats credit card loans and overdrafts as revolving loans.
this method gives companies the ability to manage their cash needs and access to additional working capital when needed for production and operational operations.
Discounted Bills of Exchange
The economy bank for investment and finance issues discounted bills – commercial checks with different maturity dates and creditors, whereby the bank pays the value of the bill to the final beneficiary (seller) before the maturity date. all bills of exchange should be subject to a specific concentration rate and duration, with the ceiling reviewed annually. interest and commission are paid in advance for each discounted transaction