FOR INDIVIDUAL
For Companies
This refers to funds drawn on a customer‟s account against cheques (normally only local currency) deposited to the same account but not yet processed and cleared through the cheque clearing system. Tenor will be matched to the local clearing period for the currency in which the cheques/effects are drawn. Repayment will be automatic through the clearance of the uncleared cheques. A limit will be agreed on the account up to which the customer may overdraw. Once the limit is utilised interest will be charged on outstanding utilisation on a daily basis.
The customer should forward the following documents to Standard Chartered Bank for credit evaluation:
On receipt of the above financials OCC will carry out a detail analysis of the information submitted and provided it falls within the acceptable credit requirements of Standard Chartered Bank, a site visit to the company and factory will be done. Terms and conditions pertaining to the borrowing will be listed in the indicative letter of offer by the Standard Chartered Bank to the customer. Once customer accepts the indicative letter of offer, a letter of offer will be sent for acceptance to the company‟s board of directors.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/lk and entering a website operated by other parties:
Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
Thank you for visiting www.sc.com/lk
