- A simple but a speedy solution to meet the working capital requirements of your business.
- It could take the form of a revolving permanent facility fluctuating under a set specific financial limit or a “one off” facility linked to seasonal needs.
- With an overdraft at your disposal you’ll be able to keep financial constraints and contingencies at bay and ensure compliance with commitments on time through assured liquidity.
- Interest is calculated daily on the outstanding balance and charged to the account monthly rewarding benefits on savings of interest cost as you would pay only on the utilized amount.
- Period and the size of the overdraft facility could be determined to match your cash flow forecasts.
- Companies who are interested in investing their excess funds in high interest yielding instruments are supplied with BOC I Net facility to get the maximum benefit.