Please contact our offices on 27 21 200 0770 for more information on the application of transactions and term credit contracts to your company. If it is known in advance. B or if one or both parties to a registration agreement can easily find that the Discounter cannot legally supply merx properly, the parties cannot reasonably intend to enter into a discount agreement. If they still enter into an agreement related to registration (an agreement related to the registration concerned), the economic meaning of the resulting transaction will not be that of a discount contract. As there is no real Merx, the basic mechanics of the resulting transaction will be simple, as the discounter must pay a discount amount on the date or around the date of the conclusion of the contract related to the registration concerned (the so-called prepayment – e.g. B R 75) and on the date of discount/registration, the discounter must pay an amount (the so-called Merx – z.B R 100) at the discount. Basically, two prices are listed in advance and you can then choose to pay the lowest price (relative to the discounted amount) until a certain time, or pay the highest price at a later date, or even periodically. If the payment is deferred, it is a credit transaction when a commission, tax or interest is levied on the deferred amount. As a general rule, if no commission, commission or interest is collected, this is not considered a credit transaction. n. payment of less than the total amount owed on a security or price of goods or services. As a general rule, a rebate is by agreement, and concludes the common situation in which a holder of a long-term debt or material goods will sell it for less face value to now get cash—the difference is the rebate. Let`s take a look at a discounted transaction first.

The National Credit Act defines a rebate transaction as an agreement, in whatever form, in its form: what will be the consequence of such a commercial sense? The NCA`s definition of one form of “credit transaction” is as follows: “[A]ny … agreement… regarding the payment of a sum owed by one person to another and that all fees, fees or interest must be paid to the lender… ». It is questionable whether an agreement related to the registration concerned is a credit transaction and the whole agreement will be made in the NCA annex. We then have to look at what an auxiliary loan contract is. In most cases, there is no intention to make a credit transaction, but it is then covered by the definition of the auxiliary credit contract.