Regulatory Alerts2022-08-16
Added
All-in-cost ceiling for short term permissible trade finance in foreign exchange
The document sets an all-in-cost ceiling per annum for short term permissible trade finance in foreign exchange at a mark-up of 3.00 percent over the benchmark rate applicable to the relevant currency. Authorized Dealers in Foreign Exchange in Bangladesh must apply this ceiling, while continuing to use LIBOR as a benchmark rate until its usability ceases. All other applicable instructions regarding this matter remain unchanged.
Topics
fx
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