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Financing products for the individual members of buying associations
Overview of purchasing loans and blanket loan agreements
Our purchasing loans are ideal for buying-association members who require easily manageable fixed-amount loans on the one hand, and financial flexibility on the other. They are repayable in fixed instalments over a period of between 12 and 36 months, depending on the wishes of the borrower, who is also at liberty to make unscheduled repayments if he so chooses. The only condition we attach to the granting of credit is that the borrower has a positive credit rating. His credit repayments are simply added to the amounts he has to pay in connection with our central-settlement services.
Our open-ended blanket loan agreements are ideal for buying-association members who require a maximum degree of financial flexibility, because they provide access to funding precisely when it is required. As is the case with purchasing loans, they are paid back in fixed instalments, though the period calculated for the repayment of money raised through blanket loan agreements is two years. The award of individual payouts is subject to the borrower’s credit rating; the loan repayments are added on to the amounts the association member owes us in connection with our central-settlement services. And under the terms of the blanket agreement, loan amounts that have been repaid can be paid straight back out as new loans.
Advance financing of seasonal sales activities frees up liquidity
Companies whose sales activities are seasonal often have difficulty surviving in the financial drought between the purchase of stock and the receipt of substantial revenue from sales. Our sales-season financing is the answer to this particular problem. The principle is simple: VR DISKONTBANK provides prefinancing for members of buying associations, and then recovers the money it has paid out when the association members make their central-settlement payments during their peak sales seasons. The repayments are made in three monthly instalments. This arrangement spreads the association members’ financial burden more evenly over the year, and thus prevents them from getting into financial difficulties.
Financing services for contractual suppliers
With Precash, contractual suppliers get their money faster
After a service has been provided and invoiced, there’s usually quite a wait before any money changes hands. But why should suppliers have to wait, when it is possible to transform receivables into liquidity more quickly? VR DISKONTBANK developed its Precash product specifically so that contractual suppliers whose goods and services are purchased centrally are paid promptly. This Precash service is provided at no extra expense, and in the usual discreet fashion.
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