UBS overdraft facility

Unlimited access, any time

With the UBS current account, payments arising from your business transactions are booked to your account in chronological order and on a rolling basis in the form of an ongoing account statement – hence the term ”current account”. With a UBS overdraft facility, you have unrestricted access to the funds in your account plus the agreed credit limit at all times.

Our terms & conditions:

Variable rate of interest
May be amended at any time in line with the prevailing money and capital market conditions
The rate is set individually, depending on the client’s creditworthiness
Reduced interest is charged if readily realizable collateral is provided (in the form of securities, for instance)
On top of the applicable interest, a credit commission of 0.25% per quarter is payable

Detailed information:

Usable currencies: Swiss francs and all common foreign currencies.
Minimum amount: no minimum.
Maturity/term: no special maturity or term.
Termination: can be terminated immediately by either party at any time.
Statements of account: quarterly, at the end of each quarter (March, June, September, December).
Interest accrual: by means of accrual on the UBS current account, i.e. both interest payable on credit balances and interest due on debit balances, along with any commission charges, is automatically added to or deducted from the credit/debit balance as applicable as at the accounting date.
Disbursement: after all loan files have been put together as per the contractual agreement.
Repayment: as contractually agreed or on a discretionary basis, as per the applicable credit requirement.
Advantages: offers the flexibility to adapt to any credit requirement.Interest is accrued on the basis of the actual amount borrowed.Usable in Swiss francs and all common foreign currencies.
Limitations: no means of hedging against rising interest rates, as with a rollover credit.