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Short & Medium Term Financing

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Short-term loans or short term advances (STL)
Are Lines of Credit covering short-term (up to one year) credit facilities to be used by borrowers to supplement their working capital position and to provide finances for imports or exports. These loans are usually revolving in nature.
 
Bullet Lines
Bullet Lines are Short Term Lines of Credit facilities, which are granted by Intesa Sanpaolo Bank Albania to be used by borrowers to supplement their working capital position/advance on contracts.
 
Overdraft Lines:

  • Overdraft Line with tenor up to one year - Temporary use of credit by a customer to supplement their working capital position and to provide finance for imports or exports. Tenor: Variable, max 12 months renewable.
  • Temporary Overdraft lines - This facility is made available to very good customers to help them meet emergency needs of their operations when facing a short – term liquidity gap, and where repayment is expected shortly. Tenor: Variable, max 3 months.

Contract Financings
Advances based on importing, exporting & other contracts. Financing of working capital shortages to companies based on the contract. The customer signs "an irrevocable letter" to channel the payment of the goods through the bank.
 
Advances based on invoices
Advances based on invoices issued related to supply contracts/works in progress with fixed amounts to finance temporary liquidity gaps within a certain period of time. Tend to finance the typical activity of the company, normally short-term receivables.
Letter of Credit Line or Bank Guarantee Credit Line
L/C or Bank Guarantee lines are Lines of Credit covering short-term (up to one year) credit facilities granted to be used by borrowers to supplement their working capital position through the opening of Bank Guarantees and Letters of Credit to provide finance for imports or exports and other.
  • Letter of Credit Line - The bank through one of its correspondents abroad undertakes to pay in the name of its customer (exporter/importer) based on documentary docs submitted; it facilitates the commercial relations with suppliers/customers. Might be transformed into an Overdraft line or a term loan on maturity date.
  • Bank Guarantee Line - The bank guarantees third parties, on behalf of its client (the debtor) the repayment of the obligation:

 

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