The Global Credit Line is designed as a service that sets an overall credit limit in order to facilitate the presentation of working capital operations: bill discounting, credit advances, foreign trade lines and guarantee lines. It consists of a general limit in which amounts are fixed according to the type of operations you carry out.
Portfolio: bill discounting and credit advances.
Foreign trade lines.
Flexibility for requesting increases or reductions in the amounts of each operation (portfolio, foreign trade, guarantees) up to the global limit assigned to the line, through your branch.
Use what suits you best based on your business needs.
Markets change and so do your business needs... That's why the Global Credit Line changes with you. Perform new operations without having to arrange new contracts, new signatures, etc.
Example: let's suppose we have a company that makes both national and international sales. Due to the seasonal nature of its business, at certain times of the year, its international operations increase and hence it requires more finance in its foreign trade lines... It can use its Global Credit Line to increase the Foreign Trade Line amounts and reduce resources from other operations (e.g. portfolio), provided that they do not exceed the general limit. All without extra procedures or having to increase the limit.