Regulatory Alerts2023-09-26
Added
FEPD Circular Letter No. 12: Forward sale and purchase in foreign exchange
Authorized Dealers in Foreign Exchange in Bangladesh may apply a forward premium not exceeding SMART+5 percent per annum with declared spot rates only for forward sales for import payments with a tenure not exceeding three months. For early settlement of such forward contracts, the premium must be adjusted based on the actual tenure. Other existing instructions regarding forward transactions remain unchanged.
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fx
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