Rediscounting : Access to capped-rate financing

Rediscounting is a mechanism that allows small and medium-sized enterprises with an eligible rating (see the list of eligible ratings below) to access short- and medium-term bank loans at preferential rates
This rate, sometimes referred to as the ‘IEOM rate,’ is regularly adjusted by IEOM’s Supervisory Board.

To be eligible for rediscounting, your company must :

• Be located in a Pacific overseas collectivity (COM) and be registered with one of the following ;
  • The RIDET business register in New Caledonia
  • The TAHITI business register in French Polynesia
  • The Trade and Companies Register of Wallis and Futuna
• Have an annual turnover of less than 3.6 billion CFP francs ;
• Hold an IEOM rating that falls within the list of ratings eligible for rediscounting (see below).

Important : To maintain access to the rediscounting system, you must regularly send your financial statements to IEOM so that your company’s rating can be kept up to date.
Start-ups and newly established companies are not excluded: they can benefit from this system by providing IEOM with their K-bis registration extract, articles of incorporation, and a projected income statement.

The application must be made directly through your bank.

Approval of the loan depends on two main factors :

• Compliance with IEOM’s eligibility criteria, particularly the rating ;
• The bank’s assessment of your application according to its own lending criteria.

Rediscounting applies to all types of credit, except for bank overdrafts and loans intended to repay shareholders’ current accounts, or to finance financial investments and certain real estate transactions.