Regulatory Alerts2022-05-10
Added
BRPD Circular Letter No. 14: L/C Margin on Import Financing
The document redefines cash margin requirements for import Letters of Credit, mandating a minimum 75% margin for motor cars and home appliances/electronics, and a 50% margin for all other goods excluding specific priority sectors such as baby food, fuel, life-saving medicines, capital machinery for local/export industries, agricultural products, and items for government-priority projects. This directive explicitly revokes the previous instruction issued in BRPD Circular Letter No. 10 dated April 11, 2022. The new margins take immediate effect and remain valid until further notice.
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