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A facility to cover your short or long term requirements. A Commercial Bill assists you to raise finance through the drawing and discounting of negotiable bank bills.You can choose from an array of facilities utilising the latest financial market techniques to suit your individual requirements.
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- Call 13 10 12
- Contact your NAB Business Banker
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| Benefits |
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Choice - choice of floating or fixed interest rate.
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Convenience - facility can commence on any business day and drawdown dates can be monthly, quarterly, half yearly or tailored to suit your cash flow requirements.
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Flexibility - facility terms of 1 to 5 years.
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| Features |
- Drawdown terms range from a minimum of 30 days to a maximum of 185 days.
- Finance for amounts over $500,000.
- Floating Rate Bill
The drawdown rate and the term to maturity of the bill are agreed at the time of the drawdown.
The interest rate applicable is determined by the term of the bill.
The National accepts the bills and discounts the bills on the required date at the National's Bank Bill drawdown rate of the day.
- Fixed Rate Bill
The drawdown rate is fixed for the term of the facility. The aggregate face amount of the bills to be discounted and the drawdown dates are established prior to the first drawdown date.
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Terms and conditions available on application. Fees and charges are payable. Normal lending criteria apply.
Related options:
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