Bill of exchange programmes
Issuing bills of exchange
to raise funds
to raise funds
Purchasing bills of exchange to make
the most of spare funds
the most of spare funds
Automatic presentation
of bills of exchange
of bills of exchange
How bill of exchange programmes work
A bill of exchange programme enables a company (the issuer) to obtain short-term financing from investors. The investor provides the company with their spare funds and, in return, receives a bill of exchange drawn up by a bank in the issuer’s name. The bill of exchange confirms that the company will repay the money to the investor by the agreed date. The investor bears the issuer’s credit risk.
A bill of exchange – a tool for both financing and investment
A bill of exchange programme may include a firm underwriting commitment (credit facility), which provides the issuer with the certainty of financing up to the limit of the facility and under pre-agreed terms (interest rate, maturity).
What the bank provides
When issuing financial bills of exchange, the bank acts as an intermediary in the settlement of bills. It thus ensures that bills are presented automatically. The bill of exchange programme is always tailored to the specific business transaction.
Contact details for corporate clients
Please contact your banking adviser or use our dedicated helplines.
Acquisition and debt financing
Services for the sale and purchase of companies, consolidation of ownership structures, and more
Real Estate Financing
Financing of logistics, office, commercial, or residential properties intended for rent or sale