Revolving Credit and Overdraft Facilities

A revolving credit line is a source of loan funds, drawn on as needed, and used to support our Corporate Clients' working capital and general financing needs. The credit line amount can be used, repaid and re-used according to a pre-agreed set of terms.

Our Corporate Clients can use the revolving credit funds once the terms are agreed and the facility is operational.

Revolving Credit's terms and conditions are determined based on the Corporate Client's financial conditions, collateral security and credit servicing capacity. 

SDM-Bank accepts the following forms of collateral:

• Real Estate (industrial buildings, warehouses, office buildings, retail facilities, land)
• Equipment, vechicles
• Merchandise in stock, finiched products, raw materials
• Residential real estate   

                                                                                                                                                                                                                                                                                                                           SDM-Bank-approved credit collateral should carry appropriate insurance policies acceptable to the Bank. Corporations and individuals can also serve as revolving credit guarantors. Working capital credit term usually does not exceed 1 year.

OVERDRAFT SERVICES

Our Corporate Clients have access to Overdraft service. Overdraft service enable our Corporate Clients to use a short-term credit from the bank to cover insufficient funds on an account.Overdraft loans are automatically repaid when the account is credited by the Corporate Client. The Overdraft limits are pre-determined and pre-agreed with the Corporate Client.

Overdraft repayment is term-limited to a maximum of 30 days.
The overdraft limit is dependent on the volume and quantity of payments and the time of the overdraft settlement.
Overdraft agreements are up to six months in duration and are regularly reviewed.