Contocurrent credit

Contocurrent the account opens to the financial-steady managing subjects and is the uniform account of the customer, on which the Bank makes all kinds of operations. The account is active - passive, i.e. can have both active, and passive balance. At opening Contocurrent account basic deposit account poste restante of the borrower is closed. On Contocurrent account the Borrower uses the credit in limits of an established limit credit.

On Contocurrent account all acting means of the Borrower are enlisted.

The distribution of the credit with Contocurrent account is made by payment of the money-settlement documents for goods-material assets, carried out work and rendered services, connected to the basic activity. The payment of other kinds of payments (on urgent needs, wages, payments in the budget and non-government funds and other payments) are made in limits of the credit rest on the Contocurrent account. The repayment of the credit comes true by transfer of the proceeds from realization of the goods, carried out work and rendered services, on credit of the Contocurrent account.

The charge of percents(interests) is made separately on debit and thecredit rest in terms, stipulated by the contract:
- On the debit rest the customer pays to bank interests accordingly to the interest rate, specified in the credit contract;
- On the credit rest the Bank pays to the customer interests according to the contract of the bank account.

The validity of the Contocurrent account cannot be more than 12 months. The borrower on expiry of the term of credit should ensure credit balance. Here you can familiarize with the order of registration of the credit and list of the necessary documents. For reception by the more detailed information address to regional branch or branch of National Bank.