Credit line
A credit line is in the banking one from a bank within a framework contract granted credit line , the if required by the borrower can be taken up to the agreed limit in claim.
species
In the Banking designated master credit as preamble all types of credit that the borrower partly within the credit agreement can be taken agreed framework. Examples of these are letter of credit , guarantee , stand-by loans , revolving credit facility, and overdrafts .
The call loan or call credit is also referred to as a framework loan . This is a relatively less common subspecies for consumers , in which the repayment is made with monthly minimum rates with variable interest rates with monthly calculation. Call-off loans are thus a hybrid form with an installment loan . The processing takes place via a separate credit account.
In foreign trade finance, the credit line is also a buyer credit based on a credit line agreement. It is suitable for continuously occurring small and medium-sized export transactions ( tranches ) with a credit period of two to five years.
Others
Sometimes the term credit line is also used in international trade for the swing .
Individual evidence
- ↑ Wolfgang Grill (Ed.): Gabler Bank Lexicon. Bank, stock exchange, finance . Volume 3 (K-R). 11th edition. Gabler, Wiesbaden 1996, ISBN 3-409-46147-7 , p. 1281.
- ↑ Thomas Hartmann-Wendels et al.: Banking apprenticeship . 6th edition. Springer, Berlin / Heidelberg 2015, ISBN 978-3-642-38127-0 .
- ^ Uwe Bestmann: Call-off credit . In: ders .: Börsen- und Finanzlexikon . 6th edition. dtv / Beck, Munich 2013, ISBN 978-3-423-05803-2 , p. 3.
- ↑ Max Lüscher-Marty, Theory and Practice of Bank Loans, Volume 2, 2007, p. 9.13