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CREDIT LINE |
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  | Credit line is intended for: |
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- legal entities having their registered offices in the Slovak Republic
The Credit line in foreign currencies is intended primarily for clients with a sufficient collection in foreign currency on an account in Komerční banka Bratislava.
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| Credit line characteristics: |
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Based on the Credit line provided, the client is allowed to draw repeated short-term loans in the respective currencies agreed in a contract. The maturity of the individual loan is set up on the client's requirement. The loans can be granted up to the total amount and final maturity agreed in the contract as a maximum.
Loan drawing agreement between Relationship manager and client |
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The bank will provide the loan based on the client's drawdown request sent to the bank via fax. Both parties shall confirm the details concerning the terms and conditions of the drawing concerned in a Trade Confirmation. In the case of financing warehouse or goods warrants, the client ensures their endorsement in favour of the bank and hands them over to the bank.
A floating interest rate is charged on the loan, which depends on an interest rate fixed on a respective money market, two business days prior to the date of the drawing, which is increased by an individual risk margin. The interest is payable with an unpaid principal on the due date of the respective drawing, with the exception of being monthly as of the last day of the calendar month.
Financial market loan- drawing agreement between dealer and client |
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The bank will grant the loan based on a telephone agreement between KB Bratislava´s dealer and the client about all terms and conditions of the drawing. The content of the agreement negotiated over the telephone between the bank and the client is confirmed by a Trade Confirmation fax.
Provided that the short-term loan on the Financial market is to draw, the interest rate will be agreed between client and dealer individually, which depends on the interest rates on the current money market, increased by the individual risk margin.
Unless otherwise agreed, the loan is possible to draw on the same day the telephone agreement was concluded between KB Bratislava´s dealer and client.
The interest is due with the payment of the principal.
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| Credit line advantages: |
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- the outstanding balance is increased by the repayments made on an agreed date
- process speed - the loans are provided within 2 banking days after the approval of the drawdown request, or immediately if the drawing was agreed between client and KB Bratislava´s dealer
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| Credit line will allow you: |
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- to draw loans in several currencies under one contract
- utilization of the agreed limit according to the current client's needs
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| How can you obtain more information about this product? |
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For further information on this product or to order it immediately, please contact your Relationship manager or write to us on our e-mail address koba@koba.sk.
