Submission of statement on use of buyer’s credit in foreign exchange

Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
Circular Letter No. FEPD(Import Policy)125/2013-07 Date: March 28, 2013 Head Offices/Principal Offices of All Authorized Dealer Banks in Bangladesh Dear Sirs, Submission of statement on use of buyer’s credit in foreign exchange Please refer to the paragraph 02 of FE Circular No. 02, dated February 06, 2012 in terms of which the Authorized Dealers (ADs) are allowed to arrange buyer’s credit from foreign banks and financial institutions for making payment against permissible imports.
02. Head /Principal Offices of all AD banks are now hereby advised to submit a monthly
statement regarding use of buyer’s credit in foreign exchange in Form-BC (attached) to Foreign Exchange Policy Department of Bangladesh Bank, Head Office by the 15th day of next month of fund drawal. Please bring the contents of this circular letter to the notice of all concerned. Yours faithfully, Encl. As stated above. (Md. Golam Haider) Deputy General Manager Phone: 9530092

(Paragraph 02 of FE Circular No. 02, dated February 06, 2012) Form - BC Monthly statement on use of buyer’s credit in foreign exchange (To be submitted by the 15th day of the next month) Name of Bank………………….. Month and year……………………
Part – A
Sl.
No.
Name and address of the borrower￾importer
Item of import
Name of AD bank branch handling the buyer’s credit Amount of buyer’s credit and date of drawal Borrowing cost Name and address of fx fund provider Due date(s) of repayment Interest rate (percent per annum) All in cost (percent per annum) including other charges 1 2 3 4 5 6 7 8 9
Part – B

1. Total outstanding buyer’s credit as at close of preceding month, in USD equivalent:
2. Total amount of new buyer’s credit drawn during the reporting month, in USD equivalent:
3. Total repayments during the reporting month, in USD equivalent:
4. Outstanding at the close of the reporting month, in USD equivalent
   (i) total amount :
   (ii) of which overdue:
   (iii) reasons for overdue situation mentioned at (ii) above, steps taken towards adjustment:
   Official Seal Signature of Authorized Official Name:
   Designation:
   Date: