Revolving loans

Revolving loans to legal persons in domestic and in foreign currency with the possibility of renewal after a specified time period.
The module enables the management of a revolving loan in domestic and in foreign currency – with the possibility of repeated drawing.
The loan is usually designed for the financing of working capital (raw materials, semi-products, finished products) with a loan contract for a specified time period.
Spending of appropriations is noncompliant. Interest is charged only on the part of the loan disbursed.

Software support enables:

  • input and modification of master data,
  • authorization of input and modification of master data (visually or with retyping),
  • automatic printing out of contracts, notices…,
  • linear / conform method of calculation of interest,
  • support for reference interest rates (EURIBOR, LIBOR…),
  • support for different charges (approval fee, management fee, commitment fee…),
  • for transactions in foreign currencies the calculation of charges is possible in domestic currency also,
  • automatic connection with payment transactions at loan disbursement and repayment,
  • virtual and actual calculation of interest (ordinary, on arrears, accrued),
  • virtual and actual calculation of charges,
  • conversion / exchange of currencies with loans with a currency clause,
  • warning procedure – automatic execution of warnings,
  • support for the process of depreciation of lots (IFRS),
  • bookkeeping of depreciations on lots,
  • accrual of charges,
  • connection with transaction account – (standing order) transfer into queue at maturity of the claim on loan,
  • connection with the collteral module.