Revolving credit facility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Standby credit facility page.) |
imported>Doug Williamson (Link with Swingline page.) |
||
| Line 13: | Line 13: | ||
* [[Rollover]] | * [[Rollover]] | ||
* [[Standby credit facility]] | * [[Standby credit facility]] | ||
* [[Swingline]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 16:51, 1 October 2017
(RCF).
A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.
An RCF is similar in this respect to an overdraft.
However, RCFs are normally for much larger amounts than overdrafts, and RCFs - unlike overdrafts - are not usually repayable on demand.
