The Presidents/Chief Executive Officers,

All Banks

Dear Sir(s)/Madam(s),

MARGIN RESTRICTION ON IMPORT OF ITEMS

Please refer to BPRD Circular No. 2 of 2017 dated February 24, 2017 on the captioned subject. It has been decided to waive the condition of 100 percent cash margin requirement on imports made vide following two 

2. All other instructions contained in the aforementioned Circular shall, however, remain unchanged.

Please acknowledge receipt.