Term Loans
A Term loan is a credit facility legally committed to a borrower for a
specified amount, tenor and rate to finance specific transactions,
capital projects or a customer's expansion programme with pre-agreed
repayments schedules. Century Investment provides its corporate
customers with competitive rates and terms on term loans.
Overdraft Facilities
An Overdraft Facility is a line of credit which allows a customer write
cheques for more than the actual balance on the customer's account with a
finance charge on the excess. Simply put, it is an open credit, which
can be used repeatedly until the balance on the account reaches a
pre-arranged limit with a specific repayment date, usually one year.
Leases
A Lease Finance is fundamentally a business arrangement where the owner
of an asset (lessor) allows another person (lessee) to have possession
and use the asset for a consideration (rental). The rentals are fixed
payments made on stipulated dates.
Century Investment's Lease Facility enables businesses obtain specific
type of assets such as plant and machinery, vehicles and computers etc
while enjoying significant cash flow advantages derivable from the
structure of the lease transaction which is usually customer tailored.
Invoice Discounting
Century Investment's Invoice Discounting gives the customer the benefit
of enjoying immediate cashflows from account receivables while still
retaining sales accounting and credit control functions.
Invoice Discounting involves a continuous arrangement between the bank
and the seller of goods or services on credit, whereby the bank
purchases account receivables for immediate cash.
Invoice Discounting is undertaken either on a confidential basis or on
disclosed basis. Under the confidential basis, no notice of the bank's
interest in the debt is given to the debtor. Under the disclosed basis, a
notification is given to the debtor of the assignment of the debts to
the bank.
Revolving Credit Facilities
A Revolving Credit Facility is usually structured as short-term facility
where the customer repays each drawing by a fixed period of time,
usually from 30 to 180 days. The customer may re-borrow sums as needed
up to the limit of the facility.
This facility is usually for companies in stable industries with strong
financial planning systems and is usually used for financing a company's
permanent working capital. The facility tenor usually may not exceed 3
years.
