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 BSD Circular No.11
February 26 , 2002 


 

All Banks

Dear Sirs,

EXPORT  FINANCE  SCHEME- REFIXATION OF  RATES FOR MARCH, 2002

            Please refer to BSD Circular No.04 dated 29th January, 2002 alongwith other instructions issued on the captioned subject from time to time.

2.         It has been decided that effective from 1st March, 2002 the rate at which State Bank would allow refinance to banks on their disbursement to exporters under the captioned Scheme shall be 6% p.a.  The commercial banks shall, however, ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance Scheme, their maximum margin / spread does not exceed 1.5% p.a.

3.         The financing facilities under Part-B (Export Sales) of the Scheme for financing Locally Manufactured Machinery shall also attract similar mark up rate structure.

4.         Other instructions on the subject shall remain unchanged.

            Please acknowledge receipt.

Yours faithfully,
(Kazi Abdul Muktadir)
Director

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