CREDIT FACILITY

Features CREDIT FACILITY

The credit facility is the instrumental form of a financial transaction whereby a financial institution grants the customer the right to borrow up to a specified amount over a predetermined period .The financial institution provides the customer with a certain amount of money , which will be available to the agreed limit , so you only pay interest on the amounts actually drawndawn and not on all of the credit granted .
Credit policies are articulated through a current account ( credit ) and it is common to refer to them as well as credit accounts.It is therefore an appropriate financial instrument to meet the needs of short term.
It is also part of the banking practices to pact intermediate rebates concerning the limit of the credit facility .Given the characteristics of the loans ,they are are used to finance part of the short-term cycle or operating cycle of the companies , other short-term investments can be financed by the credit facility , other financing alternatives are own resources , commercial discount , factoring , loan , money markets for large companies and so on.The LITE version allows only one policy or account and thre movements associated with it.
This application intends to calculate the costs of using a credit facility .
That is, the interest and fees related to it.The liquidation of these accounts is made through Hamburg method ; system that performs calculations based on existing balances as a result of movements generated on the loan.
The application is also used to calculate the interest on current accounts or any other financial instrument that use Hamburg Method for liquidation .