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Fixed Advancement

If you need the current account credit over a longer period of time, this can be utilized wholly or partially in the form of a fixed advancement. You then benefit from a fixed interest rate over the agreed term.

At a glance


 Current account Fixed advancement
Interest rate On request, differs depending on credit amount and loan security
Variable rate, depends on the financial and capital market and customer credit rating
Plus 1/4% commission per quarter on the highest debit
On request, differs depending on credit amount and loan security
The interest rate is aligned with the money market rate in London (LIBOR), plus a margin depending on the customer’s creditworthiness
Fixing 2 interest dates before payment
Term None3 to 12 months
Notice period Can be cancelled at any timeCan be cancelled at the end of the term
Minimum amount Subject to arrangement, depends on the loan securityCHF 250,000.00 or equivalent in a foreign currency
Currencies Current account in CHF or in any common currenciesFixed advancement in CHF or in any common currencies
Interest charges QuarterlyAt the end of each term, at least every six months

 

The SME Business Team is happy to advise you. We look forward to speaking to you soon.