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Operational (revolving) credits to finance current assets

  • These are usually operational credits serving to immediately provide short-term liquidity and bridge the time to maturity of receivables or unexpected failures of other financial sources
  • The interest rates are derived from the current rates on the interbanking market
  • Possibility of drawing sources up to the volume of available credit limit
  • Several deals may be active at the same time provided that their cumulative volume does not exceed the limit
  • The credits are agreed with the bank on the phone, i.e. it is possible under agreed conditions to move the funds such as transfer them using the same day's value to any other account in the Czech Republic or pay via VÚB to a foreign country
  • Thanks to their speed, flexibility and minimum administrative demands, they represent a hard-to-beat product of supplementary corporate financing