Raiffeisen Bank 

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Infoline: 800 900 900

Working capital financing provided in fixed tranches

The loan is for a period of one year and is provided in CZK or a foreign currency in amounts set contractually in advance and for drawing periods that follow on from each other. The loan cannot be repaid during such a set period, i.e. fixed tranches. The bank transfers the drawings of the loan to the client’s current account.

 

Benefits

  • Obtaining of fixed funds to finance operating needs during the various drawing periods.
  • Collateral for the limit on drawings is most usually the client’s trade receivables that are part of the process of purchasing, production and sale of products, or the client’s services, i.e. collateral is immediately related to the basic needs of operating finance.
  • Lower interest rate than an overdraft.
  • In agreement with the bank, there is the option of setting the length of the drawing period in such a manner that it corresponds to the client’s needs for funding and thereby enables a reduction in interest rates.
An operating loan provided in fixed tranches is a suitable tool for covering a company’s basic needs for operating finance.

Drawing and repayment

A loan to finance operating needs is provided

  • In drawing periods contractually agreed in advance that follow on from each other (e.g. one month) and
  • In a fixed amount that
    • Does not exceed the contractually set total maximum amount of drawings of the loan and
    • Corresponds to the minimum value of the collateral.

For the provision or renewal of drawings on the loan the client submits to the bank

  • An application for drawings specifying
    • The requested amount of the loan for future period and
    • The period for which the drawing is requested.
  • An offer of receivables or inventories for use as collateral, if they are to be used as collateral for the loan. The bank and client, however, may agree on another form of collateral.

Repayment of the loan at the end of the drawing period is usually performed from the drawings of the loan for the subsequent period. Settlement is therefore performed only in the amount of the difference between the current amount of the loan and the amount of the loan for the next drawing period.

Collateral

The requirements for collateral for the loan are communicated by the bank to the client primarily based on the conclusions of an analysis of its financial results.


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