Commercial Discount TAE 10.703%

Convert credit sales into immediate cash

The traditional solution perfect for businesses with receivables through Bills of Exchange

Branch only

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Commercial Discount TAE 10.703%

Convert credit sales into immediate cash

The traditional solution perfect for businesses with receivables through Bills of Exchange

Branch only

Commercial Discount

Benefits How much is it How to get it Related topics

Perfect for companies with periodic financial needs with payments structured through Bills of Exchange

On the due date of the bill, you can replace it with a new one of equal or lesser value

Recommended renewal percentages: 10% at 30 days or 25% at 90 days.

Perfect for companies with periodic financial needs with payments structured through Bills of Exchange

On the due date of the bill, you can replace it with a new one of equal or lesser value

Recommended renewal percentages: 10% at 30 days or 25% at 90 days.

Perfect for companies with periodic financial needs with payments structured through Bills of Exchange

On the due date of the bill, you can replace it with a new one of equal or lesser value

Recommended renewal percentages: 10% at 30 days or 25% at 90 days.

Effective Annual Rate
                        10.703%
                        10.703%
                    

Term
                        from 30 to 180 days
                        from 30 to 180 days
                    

Term form 30 to 180 days except for installment sales.

The interest on Bills presented at Discount/Retirement is anticipated.

TAE calculated based on a TAN of 7.362% - Euribor 6 months (simple arithmetic average of the daily quotations of the month prior to the interest counting period, which for this example was the month of December 2024, corresponding to 2,632%, plus a spread of 5% considering a new operation of €50,000 at 90 days domiciled at Millennium bcp. The calculation takes into account upfront interest and incorporates the Collection Commission and the Reimbursement/Down Payment Commission.

The TAE (Effective Annual Rate) was calculated under the terms of Decree-Law No. 220/94, of May 23rd.

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