Regulatory Alerts2018-10-15
Added · Updated
FEPD Circular Letter No. 17: Holding collateral on behalf of non-resident lenders
Authorized Dealers (ADs) in Bangladesh are now permitted to hold collaterals on behalf of overseas bank branches, correspondents, or lenders against external loans approved by the Standing Committee on Non-Concessional Loan. This authorization extends the provisions previously applicable only to industrial enterprises and private sector entities to public sector entities accessing term borrowing under specific approval from that committee.
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