A settlement figure is a quote, valid to a stated date, showing the total your company must pay to close a Credicorp Flex or Credicorp Slice facility in full. It is different from your statement balance because it is calculated precisely to the date you plan to pay.
How to ask
- Use the settlement option in your online account, or message your account team.
- Give us the exact date you expect cleared funds to reach us.
- We return the figure, the payment reference and the destination details.
Why the date matters
Interest accrues according to your agreement, so a figure quoted to one date will differ from a figure quoted to another. If you pay later than the quoted date, the amount may be slightly higher and a small shortfall could keep the facility open. If you expect a delay, ask for a fresh figure.
Keeping the quote valid
Each settlement figure carries an expiry. Pay on or before that date with cleared funds for the same amount to ensure the facility closes cleanly. We confirm closure in writing once the payment lands.
Facilities are provided only to UK limited companies and LLPs for business purposes and fall outside the FCA consumer-credit regime.
See also: How to request a settlement figure, How do I get a settlement figure?, Settlement figure (glossary).