MPCL - Multi-purpose Credit Line

UniCredit Bank Hungary Zrt. offers its clients a highly flexible product which satisfies client needs with several transaction types. This is the so-called Multi-Purpose Credit Line which, within a maximized overall amount, ensures freedom of movement between several types of credit and commitments. This way, on the basis of a single credit contract, you have the option to avail of several forms of financing. When availing of specific transaction types, there is no need to sign a separate contract. The bank executes the client’s orders according to the predetermined conditions.

Why is the Multi-Purpose Credit Line advantageous to your company?

• It enables simple management of liquidity.
  
• It means flexible and long-term cooperation with the bank.
  
• It provides availability to a wide selection of credit with rapid and flexible access.
  
• The credit limit is renewable and revolving. That is, within the loan term, the credit limit can be repeatedly used up to the value of the repaid amounts.
  
• Use of the credit line can be easily extended or changed.

Features of the Multi-Purpose Credit Line

• The Multi-Purpose Credit Line can be used for the following transaction types:
  
  • HUF and FX current account overdraft,
    
  • short-term HUF and FX loan to finance current assets needs,
    
  • bank guarantee issuance,
    
  • letter of credit opening for a maximized amount,
    
  • discounting bills of exchange, bill of exchange advising,
    
  • FX spot and forward transactions.
    
• The credit line has a maximum maturity of one year. However, upon the client’s request and subsequent to a creditworthiness review, it can be extended by an additional year.
  
• The operational principles and conditions of the transaction types requested by the client are regulated by the credit line agreement concluded between the bank and the client.
  
• When availing of specific transaction types, our bank executes the client’s orders according to the conditions determined in the credit line agreement.

If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches.

This information should not be considered an offer. The Bank reserves the right to change the conditions. UniCredit Bank reserves the right to make decisions on an individual basis regarding loan disbursement/issuance of bank guarantee and on the amount and conditions thereof, based on the loan/bank guarantee application and documents submitted.