BIG CORPORATE SERVICES
COMMERCIAL FACILITIES
GARY DEAN
GARY DEAN
REVOLVING LOANS
REVOLVING LOANS
DISCOUNTED BILLS OF EXCHANGE
DISCOUNTED BILLS OF EXCHANGE
Gary Dean
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.
- Freedom to withdraw and deposit from the account
- Issuance of a check book for withdrawals
- Interest is calculated on the used balance and credited at the end of each month
Revolving Loans
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.
- Continuous possibility to obtain the loan
- Determining the loan ceiling and maturity date according to the company’s operating cycle
- The possibility of financing the company’s external cash flow on a temporary basis
- Freedom to choose the value of the financing and its maturity
- It can be used to finance a variety of working capital needs
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
