Working Capital Facility

Manage cash flow and revolving short-term borrowings and/or surpluses with this deficit and surplus facility

Recommended for

  • Clients looking to borrow funds or invest surpluses around a term of 30 days
  • Suitable for local governments, government-owned corporations and statutory authorities

Key features

Interest rate
  • Variable, calculated daily (based on the Reserve Bank of Australia‚Äôs official cash rate) , plus 0.30% per annum
Maximum loan term
  • Subject to regular review
Key benefits
  • Low cost loan
  • Same day access to funds
  • Evergreen limit or approved fixed term
  • Manage short-term deficit and surplus balances through one account
  • Multiple drawdowns available
Limits
  • Approved by the State Borrowing Program (total limit only not drawdowns)

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