ANZ Commercial Bill
ANZ Commercial Bill
ANZ Commercial Bill
A Short or Long-term Answer for Major Cash Needs
Often the ideal option for short or long-term financing, Commercial Bills can be an excellent answer when you need a significant injection of cash – above $100,000. Normal terms are from 30 to 180 days with a variable or fixed yield. With fixed rate bills, your yield remains constant for the term of the facility, which may include several rollovers. With variable rate bills, the yield is fixed for each period. If the period is extended or rolled over, the yield may vary. Your commitment is to repay the face value of the Bill at the end of the term of the agreement.
Borrowing via a Commercial Bill facility offers the flexibility to:
> Adjust the principle amount borrowed each rollover (or payable on maturity of each bill) in line with business cash flow requirements, within a specified limit.
> Manage interest rate risk and funding flexibility with an ANZ Tailored Business Facility™. This is a Commercial Bill based facility that allows multiple Bill structures within the one facility.
At a Glance.
| Purpose | Short or long-term finance for any approved commercial or investment purpose. |
| Yield | Available on application. |
| Term | Up to five years (longer terms available on application). |
| Yield Types | Variable, fixed or maximum (capped) yield structures. |
| Minimum Amount | $100,000 (higher amounts and reductions in multiples of $5,000). |
| Bill Term | 30, 60, 90, 180 days (longer terms may be negotiated). |
| Repayment Frequency | The face value of the Bill is repaid at the end of each rollover period. |
| Repayment Source | All payments are debited from a nominated ANZ account. |
| Security | Unsecured or secured by residential, rural or commercial property and/or business assets, or a combination of these. |
| Fees and Charges | Fees and charges are payable. Please ask for the ANZ Business Banking Finance Fees and Charges brochure for relevant details. |
It’s Easy to Get More Details
For more information about ANZ contact Mike Nicholls, Accredited ANZ Commercial Referrer on 0411 222 551 to discuss the right lending solution for your needs.
This fact sheet contains general information about the ANZ Commercial Bill. It does not form part of the terms and conditions which are available on request. All applications are subject to ANZ’s normal credit approval criteria.
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