Financing

• Overdraft Facility
  

  Overdraft Facility to cover short- term working capital financing needs. The overdraft limit is provided to current accounts in local or key foreign currencies. The facility is used flexibly with a possibility of daily draw- downs and/or repayments up to the total limit available. A common maturity is one year with an option for further prolongation.

• Short Term Loan
  

  Short Term Loan/ Short- Term Advances are used for financing of short term and medium term working capital requirements in the local currency as well as key foreign currencies. There may be a single draw- down or multiple draw downs (non revolving or revolving) allowed for different interest periods (Advances). The terms of draw – down and repayment and the interest rate periods are agreed in advance.

• Credit Line
  

  Credit Line can be used to finance working capital needs as a combination of an overdraft facility and the short- term advances.

• Multipurpose Line
  

  Multi-purpose Line – a versatile facility combining an overdraft and short-term advances with other products such as Letters of Credit and bank guarantees. The Multi-purpose line is available in the local or key foreign currencies and is used to finance working capital needs.

• Factoring
  

  Through its subsidiary, Factoring České spořitelny, Česká spořitelna offers factoring products.

• Issued Bank Guarantees
  

  Česká spořitelna issues bank guarantees on behalf of domestic and foreign beneficiaries in local or foreign currencies.

• Received Bank Guarantees
  

  Received Bank Guarantees.

• Documentary and Bill Collections
  

  Documentary collection is a payment method, where documents covering the supply of goods or services are released to the drawee subject to fulfillment of conditions provided by the drawer.

• Documentary and Standby Letters of Credit
  

  Letter of Credit (L/C) is an obligation of a bank, whereby the bank by order of its client undertakes to the beneficiary to effect specified financial performance, provided specified documents are presented...

• Account Receivables Financing
  

  Česká spořitelna offers a short- term and medium- term, exceptionally long- term financing of local or exporters accounts receivables (A/R) with deferred maturity.

• Trade Financing
  

  Trade Financing is financing of manufacturing and subsequent accounts receivables (A/R) based on an already existing trade agreement.

• Forfeiting
  

  Česká spořitelna offers forfeiting as an effective method of export and domestic receivables financing.

• Assignment of Receivable under Letter of Credit (L/C Forfeiting)
  

  Assignment of receivable under Letter of Credit (L/C) is a financing solution for exporters. The bank forfeits a receivable under an deferred- payment L/C without recourse to the assignor (L/C beneficiary).

• Pre-export Financing
  

  A pre- export loan is offered to finance export production.

• Export Financing
  

  Export financing products are designed to support export activities in unstable regions.

• Structured Financing of Trade Projects
  

  Česká spořitelna offers individual solution of financing local and export agreements by using wide range of its products together with governmental or foreign subsidies.

• Investment Loan
  

  Investmement loan for commercial clients - financing of mid- and longterm financial needs (properties, technology, etc.).

• TOP Podnik II
  

  investment loan offering a combination of float or fixed interest rate for a client.

• Project Finance, Structured Financing, Syndicated Lending
  

  Syndicated lending, structured and project financing are primarily used for large investment transactions with medium- term or long- term maturities and are aimed at Top – Tier Corporations. The financing terms and conditions are agreed individually.

Cross Border Product for commercial clients available at all ERSTE Group banks.

• EU program business
  

  EU program business represents a compact package of services for effective financing of business projects subsidized from EU funds.