Both Credicorp Flex and Credicorp Slice statements use the same familiar utility-bill layout, but the detail in the middle reflects how each product actually works. If you hold both, knowing the difference helps you read each one correctly.
Credicorp Flex statements
Flex is built around flexibility in how you draw and repay, so its statement tends to show movements as the facility is used over the period. You will see how the position changed as amounts were drawn and repaid, with any cost of borrowing applied as set out in your offer.
Credicorp Slice statements
Slice works on a more structured basis, so its statement tends to read more like a schedule of agreed activity across the period. The shape of the detail follows the structure of your Slice arrangement.
What stays the same
- The summary panel at the top, showing the period and the opening and closing positions.
- Plain-English descriptions rather than internal codes.
- A complete, dated record you can reconcile and hand to your accountant.
Whichever product you hold, the facility is to your company. Credicorp lends only to UK limited companies and LLPs for business purposes, and no personal guarantee is taken from directors, so the statement is always a company document.
See also: Understanding the transaction list on your statement, Statement glossary: opening balance and closing balance, What is a year-end summary document for?.