Various banking products exist for managing transitional liquidity problems or to finance working capital needs. For our commercial and corporate clients the most suitable are overdrafts and short term loans.
In case your company needs short term, periodic liquidity financing then Citibank’s overdraft facility is the right solution. Overdraft facilities represent a fully flexible form of financing, as the overdraft facility is automatically available in case of lack of cover. Drawings do not need to be pre-advised, and the customer may draw funds against its current account up to a specified limit. As a further advantage the amounts credited to the account are used immediately for repayment thus your company pays less interest.
In case your company needs regular working capital financing or would like to bridge the long payment deadlines or you might have seasonal receivables then this structure may provide the necessary help to you.
In case your company’s due payments exceed the expiring receivables then you face working capital deficit. We offer short and medium, single or multipurpose credit facilities in HUF, USD and EUR as a solution. Short and medium term credit facilities can be utilised on a revolving basis to provide continuous, general working capital financing. Beside loans, these facilities may be used for guarantee issuance and letter of credit opening as well.
For our small and medium-size customers we offer the SZKP Go Liquid Loan of the Széchenyi Card Program with favourable conditions and fixed interest rate.
Short term loans are usually meant for special purposes such as the financing of selected receivables or smaller investments, the cash savings or returns of which cover full repayment within one year.
Guarantee lines are special credit facilities from which the issuance of different types of guarantees may be requested. Citibank is also a partner in setting up unique guarantees.