Credit in a Current Account
- credit available in a current account
- revolving – can be used repeatedly during the validity of the credit agreement
Purpose of financing:
covering current liabilities arising from business activities
Amount of credit:
dependent on needs and correlated with the amount of average monthly deposits to the current account
Credit period:
up to 36 months with the possibility of automatic renewal of the agreement for another 36-month period
Repayment:
from each deposit into the account
Collateral:
established individually with the Client