BPRD
Circular No. 2 |
January 9, 1999 |
All NBFIs
Dear Sirs,
LIMIT
ON NBIs EXPOSURE TO A SINGLE PERSON
|
Please
refer to Rule 09 of NBIs Rules of Business.
It has been decided to substitute the existing Para (ii)(A)
of the above rule
with the following:
"(ii)
In arriving at exposure per person under this Rule the
following shall be deducted/excluded:
(A)
90% of;
-
certificates
of deposit/certificates of investment of
the borrower under lien with the NBFI;
-
face
value of FIBs lodged by the borrower as collateral;
and
-
Pak.
Rupee equivalent of face value of Special US Dollar
Bonds converted at official rates, lodged by the borrower."
Please
acknowledge receipt.
|
Yours
faithfully,
(Mansur-ur-Rehman Khan)
Director |
|
|
|