Non-Cash Account Limit for Letters of Guarantee / Counter-Guarantee, Credit, Cheque Endorsements

Non-Cash Account Limit for Letters of Guarantee / Counter-Guarantee, Credit, Cheque Endorsements

Do you need a product to help you in your relationships with your business partners? If you carry out an activity that involves the frequent issuance of guarantee instruments (letters of guarantee, letters of credit, cheque endorsements) then opt for the non-cash account limit from OTP Bank. Financing is less expensive, without the need of immobilization of your financial resources.

It is granted for a period of maximum 36 months

It has a revolving character

The period of use (drawdown) is of maximum 12 months

What are the advantages of the non-cash account limit?

  • It is granted for a period of maximum 36 months;

  • It has a revolving character, and can be used in one or more drawdowns, according to the destination it was granted for; thus, as the validity of the guarantee commitments expire, an available fund is created under this account limit and it can be used for new drawdowns, without exceeding, however, the value and validity agreed by the loan contract;

  • The period of use (drawdown) is of maximum 12 months.

How can you get the non-cash account limit?

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Visit our OTP Bank branch,
and let's discuss the best alternative for you.

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Request information by calling HelpDesk
at (+4) 021 308 57 10.

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