Regulatory Alerts2014-06-01
Added · Updated
FEPD Circular No. 22: External financing for imports orderly repayment
Bangladesh Bank imposes repayment discipline on all external short-term buyer’s or supplier’s credit arrangements entered into or renewed by importers. Bullet repayment is permitted only for financing terms not exceeding six months and shipment values not exceeding USD 500,000. For financing exceeding USD 500,000 or terms longer than six months, quarterly repayments are mandatory, with the first installment potentially lower but not less than one-tenth of the total amount payable. These instructions come into force with immediate effect.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
fx
Share