Circulars/Notifications - Banking Supervision Department  
 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;

  1. certificates of deposit/certificates of investment of
    the borrower under lien with the NBFI;

  2. face value of FIBs lodged by the borrower as collateral;
    and

  3. 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

       
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