All-in-cost ceiling for short term permissible trade finance in foreign exchange

The all-in-cost ceiling for short term trade finance in foreign exchange is set at SOFR + 3.50 percent per annum. This directive applies to all Authorized Dealers in Foreign Exchange in Bangladesh and remains effective until further instructions. All other applicable instructions regarding this matter remain unchanged.

Get BB alerts — same-day email on every new publication.

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular No. 27 Date: September 28, 2022
All Authorized Dealers in
Foreign Exchange in Bangladesh
Dear Sirs,
All-in-cost ceiling for short term permissible trade finance in foreign exchange Please refer to FE Circular No. 21, dated August 16, 2022 regarding all-in-cost ceiling for short term permissible trade finance in foreign exchange.
02. Given the global market trends, it has been decided to set all-in-cost ceiling per
annum at SOFR + 3.50 percent for short term trade finance in foreign exchange. All other applicable instructions in this regard shall remain unchanged. Please bring the contents of this circular, effective until further instructions, to the notice of your relevant customers. Yours faithfully, (Md. Sarwar Hossain) Director (FEPD) Phone: 9530123

Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2024-02-01

2024-02-01BBInterest rate ceiling for short term permissible trade finance in foreign exchangeamends

This document amends: All-in-cost ceiling for short term permissible trade finance in foreign exchange

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works