Regulatory Alerts2018-04-26
Added · Updated
CIB Circular No. 02: Regarding Submission of Collateral Information to the Collateral Database
All scheduled banks and financial institutions in Bangladesh must upload collateral information for land, flats, buildings, and capital machineries to the new Collateral Information System using specific security and subject data files. Submissions are required on a quarterly basis, with the March 2018 batch due by May 31, 2018, and subsequent batches due by the 20th of the month following the quarter's end. Additionally, it is mandatory for these entities to collect a collateral report from the system for any security proposed for mortgage during the loan sanctioning process.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share