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

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.

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.

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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Commercial Discount TAE 10.703%

Convert credit sales into immediate cash

Commercial Discount TAE 10.703%

Convert credit sales into immediate cash

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

Enables you to convert commercial credits into cash flow

All the benefits

What’s included?

More efficient and easier management of 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.

All the benefits

What’s included?

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

Enables you to convert commercial credits into cash flow

More efficient and easier management of 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.

All the benefits

What’s included?

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

Enables you to convert commercial credits into cash flow

More efficient and easier management of 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.

Rates and charges

Now the numbers

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