FEPD Circular Letter No. 06: Reporting procedure of receipt and payment of short term foreign currency loan through discounting of direct/deemed export bills as per FE Circular 03/2013

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka-1000.
Ref. No. FEPD(Circular)123/2013-06
Date: 06 April, 2014

To
All Authorized Dealer Banks engaged in Foreign Exchange Transactions Head Office / Principal Office.

Dear Sir,

Subject: Reporting of receipt and payment of foreign currency loan through bill discounting.

Reference is invited to FE Circular No. 03, dated February 04, 2013.

In the aforementioned circular, regarding transactions involving the receipt and payment of foreign currency loans, guidance has been provided to report to the Bangladesh Bank in due course following the procedures mentioned in the attached table (Annexure-1).

Yours faithfully,

Enclosure: As per description

(Md. Zakir Hossain Chowdhury)
Deputy General Manager
Phone: 9530253

Annexure-1
Ref. No. FEPD(Circular)123/2013-06
Subject: Procedure for reporting receipt and payment of short-term foreign currency loan through discounting of direct/deemed export bills as per FE Circular 03/2013

Transaction Code
Description of Transaction
Transaction Type
Currency
Transaction Code
Transaction Type
Transaction Code
Transaction Type

1. Receipt of short-term foreign currency loan through discounting of direct/deemed export bills
   Receipt
   Foreign Currency
   9135
   Receipt
   9135
   Receipt

2. Payment of foreign currency loan through discounting of direct/deemed export bills
   Payment
   Foreign Currency
   9135
   Payment
   9135
   Payment

3. Payment of short-term foreign currency loan
   Payment
   Foreign Currency
   9135
   Payment
   9135
   Payment

Note: 9135 is the transaction code for short-term foreign currency loans. The suffixes -1, -2, -3 indicate the specific nature of the transaction (Receipt/Payment) as per the reporting requirements.