Discount of Promissory Notes
DISCOUNT OF PROMISSORY NOTES
Discount on short-term liquidity Promissory Notes
We offer our clients, through our intermediation, a quick and easy method of financing their business through these promissory note discount transactions.
The bills of exchange must always prove a commercial relationship between the issuer of the promissory note and our client, who intends to endorse the promissory note.
To request this operation through our intermediation and management, can suppose to them
a series of advantages that we detail next:
Simplicity:
The analysis focuses on the solvency of the issuers of the promissory notes, which simplifies as much as possible the documentation that clients must provide.
No waiting:
In a minimum period of time and depending on the complexity of the operation, we communicate the resolution of it and its conditions. The payment, which involves the collection of the promissory note(s) for our clients, is made by OMF transfer (urgent transfer) to their bank account.
Unlimited risk:
No limit on discounted amounts. Classification limits are placed on the issuers of the promissory notes, not on our clients.
No linked products:
There are no other commitments that condition the success of the operation or its cost.
Improvement of the bank rating:
The discounted amounts do not count as bank risk in the CIRBE of the Bank of Spain.
No Personal Guarantees:
You will not have to take out policies or provide guarantees or guarantees.
Procedure for obtaining the
Discount on Promissory Notes
1. We receive from you, by mail or fax, a copy of the promissory note(s)
and the invoice(s) evidencing the transaction.
2.
Within 48 hours
we will inform you of the resolution of the transaction and its conditions.
3.
In case of agreement we present you the private contract of assignment
of effects with the financial entity that accepted the agreement.
4.
The signed contract, the original promissory note and the rest of the documentation will be sent to the financial entity
where the promissory note has been endorsed for custody and review.
5.
Once everything has been confirmed and the terms have been agreed, the operation will be credited in less than 24 hours by OMF transfer (urgent transfer)
to the bank account you have previously provided us with.
Deadlines and cost
In a minimum period
of time and depending on the complexity of the operation, we will communicate the resolution and conditions of the same one. In general, we give a period of 48 hours to communicate the economic conditions of the requested operation.
Obviously, the cost of the operation
will be determined by the credit quality of the debtor and the term of the operation, but always in very competitive market conditions.
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We want to know exactly what your needs are in order to be able to offer you the best solution. Tell us what you need and we will do our best to help you.
