Regulatory Alerts2010-09-27
Added · Updated
FEPD Circular No. 18: Discounting/purchasing of bills against import on usance/deferred basis
Authorized Dealers of Foreign Exchange in Bangladesh are permitted to discount or purchase accepted usance or deferred bills against import from abroad based on banker-customer relationships, provided due diligence is applied. This clarification modifies the application of paragraph 5(b) in chapter 16 of the Guidelines for Foreign Exchange Transactions (GFET), Vol-1 (Edition 2009).
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