The general characteristics of this credit type are:

• Intended to finance short-term operating needs such as payments to suppliers for the purchase of inventory, customer financing or temporary liquidity needs.
• Payments of principal are normally paid in quarterly instalments, or in one lump sum at maturity.
• Payments are composed of principal and interest. The part corresponding to the principal is always the same (straight-line amortisation), while the part corresponding to the interest accrued will decrease according to the outstanding capital at any given moment.
• Loan duration: Usually 3, 6 and 12 months.
• Interest rate: Fixed through the auction.
• May have additional guarantees according to quality.

Click here to see more information about term-loans. Click here to see our standard credit agreement.

This particular credit has the following specific characteristics:

If you’d like to know more about the notarisation process, or the settlement process using pagarés, please refer to our FAQs.

You can see the credit agreement by opening the attachment