Discounting bills of exchange

You can send any questions about discounting bills of exchange and other types of purchase of receivables by email to tradefinance@unicreditgroup.zaba.hr.

Additional collateral instruments are not arranged with the holder of bills of exchange, except in cases when the assessment of the creditworthiness of the bill of exchange debtor would require additional collateralization.

The basic prerequisites for discounting of a bill of exchange are:

• acceptable creditworthiness of the bill of exchange debtor
• bill of exchange endorsed in favour of Zagrebačka banka
• collateral instruments in the event that the assessment of creditworthiness of the bill of exchange debtor would require additional collateralization.
  

A request for discounting of bills of exchange can be submitted only by the lawful holder of the bill of exchange (the payee).

We discount the following types of bills of exchange:

• bill of exchange drawn and accepted – drawn bill of exchange that is accepted by the drawee
• promissory note (own bill of exchange), drawn and accepted – drawn bill of exchange drawn to the drawer (the drawer and the drawee are one and the same person) who accepted it (as drawee)
• promissory note (own bill of exchange)– bill of exchange whereby the drawer obliges itself to pay the bill of exchange amount. The drawer of own bill of exchange is accountable as the acceptor of the drawn bill of exchange.

Bill of exchange, drawn and accepted and promissory note, drawn and accepted must have a "no protest” clause.

The costs of discounting a bill of exchange are the interest and the fee.  The interest is calculated in advance in the form of a discount for the period of time from the day of discounting of the bill of exchange until the maturity date of the bill of exchange, in accordance with the Interest calculation rules of Zagrebačka banka.