Regulatory Alerts2017-12-31
Added · Updated
Master Circular on Export Development Fund
This circular consolidates and revises the operational procedures for the Export Development Fund (EDF), repealing FE Circular No. 25/2009 and its subsequent circulars. It establishes an interest rate of six-month USD LIBOR plus 1 percent for Authorized Dealer borrowings and sets a standard repayment tenor of 180 days, extendable to 270 days. The document defines eligibility criteria based on value addition and export proceeds repatriation, while specifying maximum loan limits ranging from USD 1 million to USD 20 million depending on the exporter category and association membership.
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
credit
fx
Share