Spot FX Loans with an early payment option

Spot FX loans are loans whose amounts, interest rates, and terms are all locked in for the duration of the loan.

Features

• Without the early-payment option, you cannot pay off a loan before it falls due.
• Without the early-payment option, there may be disparities between interest accruals and collections.

With the early-payment option:

• The interest rate is locked in for the duration of the loan but some or all of the loan may be paid off early on one or several occasions before the loan is due.
• Interest accrues and is collected at maturity. However whenever an early payment is made, the interest due on the amount of principal paid is accrued and collected at the same time.