Great Eastern Direct Credit Facility Form
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People also ask
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What is a direct credit form?
A direct credit can be used to make regular payments to a group of people (e.g. staff, suppliers or shareholders) and to pay many payments at the same time (e.g. wages, salaries, invoices, dividends). You can make many outward payments and have only one transaction show on your account statement.
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What is a direct credit facility?
What is a Direct Credit Facility? A Direct Credit Facility (DCF) allows you to set up a contribution type for contributions made via EFT on your client's superannuation account. DCF was formally known as a Direct Deposit Facility. The contribution types available for Super DCF are: Personal contribution.
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What is a credit facility application?
A credit facility is a type of loan made in a business or corporate finance context. It allows the borrowing business to take out money over an extended period of time rather than reapplying for a loan each time it needs money.
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What is credit facility form?
A credit facility agreement details the borrower's responsibilities, loan warranties, lending amounts, interest rates, loan duration, default penalties, and repayment terms and conditions.
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What are the credit facility documents?
Credit Facility Documents means, collectively, the Credit Agreement, the Loan Agreement, the Mortgage Note, the Mortgage, the Guaranty and all other instruments of any nature whatsoever now or hereafter executed and delivered in connection with the Credit Facility.
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What is the purpose of a credit facility?
Credit facilities are a type of pre-approved loan which allows the borrower to borrow money on an ongoing basis over an extended period of time, rather than applying for a new loan each time the borrower needs more money.
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What is the meaning of credit facility agreement?
Also known as a loan or credit facility agreement or facility letter. An agreement or letter in which a lender (usually a bank or other financial institution) sets out the terms and conditions (including the conditions precedent) on which it is prepared to make a loan facility available to a borrower.
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