2022-07-13

Added 2026-08-08

FEPD Circular No. 12: Repayment guarantees by importers against short term import finance under buyer's credit

Importers are permitted to extend corporate, personal, or third-party guarantees to foreign lenders for short-term import finance under buyer’s credit against admissible imports on sight letters of credit. This authorization applies to payments made by external lenders, including offshore banking operations, against usance import bills accepted by Authorized Dealers. The decision facilitates short-term import finance by allowing these guarantees where previously such practices were subject to specific approval requirements.

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