Prepayment from EEFC accounts allowed with central bank approval to facilitate early repayment of external commercial borrowings. Reserve Bank permits corporate borrowers to prepay External Commercial Borrowings from EEFC account balances with Reserve Bank approval and will consider, on a case by case basis, allowing crediting of higher percentages of export proceeds to EEFC accounts to facilitate such prepayment; applications must be made to the Chief General Manager, Exchange Control Department using the annexed proforma.