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Splitska banka OTP Group
  • Splitska banka provides the service of financing based on discount of bill of exchange. In that way the seller of bill (creditor) may have cash before bill of exchange maturity. If the debtor under the bill has creditworthiness that is acceptable for the Bank, the latter shall disburse to the holder (seller) of bill of exchange the value of the same, reduced by interest rate and commission.
  • The holder transfers the bill of exchange in possession of the Bank by endorsement and assumes recourse commitment towards the Bank (if matured bill of exchange is not disbursed by main bill of exchange debtor, the Bank is entitled to request a collection from each bill of exchange signatory).