Overdraft facility
No overdraft facility
Inward and outward payment capability
No – funding & re-payment via CTA only
Liquidity*
On maturity – breakages not permitted
Interest application*
On maturity
Interest payment
To CTA with Principal at maturity
Interest rates
Agreed with Treasury
Balance sheet exposure
Balance sheet of Recipient Bank
Risk
The client assumes the credit risk of the Recipient Bank
*Funds will be credited once they have been received from the Recipient Bank.
Please note: All times quoted are in GMT (BST).
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