Permanent working capital

In order to provide a buffer for the current account and therefore avoid debit interest being charged on it, Syncura works with two forms of working capital: working capital created based on periodic advance payments on the one hand and permanent working capital on the other. The latter includes a one-off payment, for the purchase of the apartment, of a – preferably – fixed amount that is also paid into the current account and can cover peaks in payment transactions. For sometimes the periodic advance payments will not be enough if, for example, the block policy for the building, the lift maintenance contract and the settlement invoice for natural gas are all due to be paid within the same month. Unlike the periodic advance payments, this permanent working capital will obviously not be charged on the individual annual final statement.