Domestic Bill Purchased
CASHFLOW PROBLEMS?
The Domestic Bills Purchase is the suitable answer to your business need. It utilizes your funds and replenish the working capital without having to wait for the usual check clearing procedures. With Domestic Bills Purchase, you can now have available funds from your check payments without having to worry about the check clearances.
DEPOSITOR’S ELIGIBILITY:
- With at least six (6) months of good banking relationship with the bank
- Must have a Minimum Average Daily Balance (ADB) of 20% of the requested DBP including other outstanding credit, if any.
- No outstanding past due loans
- Low incidence/ratio of account overdrawing or returned checks on deposits
TYPES OF DBP FACILITY
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- DBP Line
- Case-to-Case DBP Accommodation