Regulatory Alerts2023-06-20
Added
BRPD Circular Letter No. 19: L/C Margin on Import Financing
The document instructs all scheduled banks operating in Bangladesh to determine cash margin rates for opening Letters of Credit for specific imported goods based on the bank-client relationship. This directive applies to commercial importers in the Cottage, Micro, Small and Medium Enterprises (CMSME) sector and other sectors, covering items such as industrial machinery parts, textile raw materials, medical equipment, and computer hardware. The instruction is issued under Section 45 of the Bank Company Act, 1991, takes immediate effect, and remains valid until further notice, while other instructions from BRPD Circular Letter No. 25/2022 remain unchanged.
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