Regulatory Alerts2025-02-12
Added
FEPD Circular Letter No. 10: Issuance of repayment commitments as collaterals against external borrowing by resident entities
The cash margin requirement for Authorized Dealers issuing repayment commitments on behalf of resident borrowers favoring foreign lenders is increased from 5 percent to 25 percent. Additionally, borrowers must maintain adequate funded credit lines with their respective banks. These changes amend the conditions previously set in FE Circular No. 23 of June 21, 2021, while other relevant instructions remain unchanged.
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