Regulatory Alerts2022-09-28
Added
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.
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