Regulatory Alerts2019-05-05
Added · Updated
FEPD Circular No. 19: Usance interest rate against import under supplier's/buyer's credit
The all-in-cost ceiling for usance interest rates against eligible imports under supplier’s or buyer’s credit is set at a maximum of 6-month LIBOR plus 3.50 percent spread. This revised rate structure applies equally to the discounting of usance export bills and remains in effect until further instructions. Authorized Dealers in Foreign Exchange in Bangladesh must implement these changes immediately and notify their concerned clientele.
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