ABSTRACT
When the borrower utilises the funds it selects a short period (usually 1, 3 or 6
months). At the end of the selected period (known as an ‘interest period’) the
borrower selects a further short period.
When the borrower utilises the funds it selects a short period (usually 1, 3 or 6
months). At the end of the selected period (known as an ‘interest period’) the
borrower selects a further short period.