Please
refer to BPRD Circular Letter No.32 dated November 11,
2008 on the captioned subject. It has been decided to
waive the condition of 35% cash margin requirement on
import Letters of Credit on enclosed list.
However,
other instructions contained in the above referred Circular
Letter will remain unchanged.
Please
acknowledge receipt.
Encl: Additional list of items which require no cash margin
on import L/C