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This line has the particular characteristic that the client (a corporation) can make recurrent use of it subjected to availability at that particular moment.

They are usually used for:

• Work Capital
• Pre-Exportation Financing
• Importation Financing
• Importation Financing through Letters of Credit
• Discounts on Money Orders or Letters Financing is granted at short periods of time being 90, 180 or 360 days.

Each financing can be arranged on installment payments or can be payable at maturity. Interests are paid monthly and the guarantee could be mortgage or pledge.

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