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Revolving loans can be combined in a single multi-product agreement with overdrafts, bank guarantees and letters of credit so you have a single limit available for various products.
Revolving loans are offered in contractually agreed periods called tranches. Their length is usually from 14 days to 3 months. The amounts are determined:
In addition to CZK, the loan can be used in other currencies (EUR, USD). The interest rate is usually set as the sum of PRIBOR, LIBOR, LIBOR in EUR, or EURIBOR for the given interest period and a fixed surcharge in percentage points p.a.
The maturity of the loan is usually one year, and the loan can be extended.
The loan is usually secured by your trade receivables. The bank will explain the specific security requirements upon analysing your financial results.
The overdraft can be provided on the basis of a separate agreement, or as a line of credit
(separately or along with other products, e.g. overdrafts or trade financing products – guarantees, letters of credit). Combining these products into a single line of credit is conditioned upon their having the same maturity and security.