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Short term credit for imports: authorised dealers may approve suppliers' or buyers' credit subject to maturity, cost and reporting rules. Authorised Dealers may approve short term Suppliers' or Buyers' Credit for import financing in Form ECB provided the credit meets prescribed maturity and amount ceilings and the specified all in cost per annum; approvals must be issued in writing, ECB 5 statements continued, each loan given a unique Identification number, and monthly details submitted in Form ECB ST to the Reserve Bank's ECB Division, with proposals exceeding the prescribed amount forwarded to the Chief General Manager.
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Short term credit for imports: authorised dealers may approve suppliers' or buyers' credit subject to maturity, cost and reporting rules.
Authorised Dealers may approve short term Suppliers' or Buyers' Credit for import financing in Form ECB provided the credit meets prescribed maturity and amount ceilings and the specified all in cost per annum; approvals must be issued in writing, ECB 5 statements continued, each loan given a unique Identification number, and monthly details submitted in Form ECB ST to the Reserve Bank's ECB Division, with proposals exceeding the prescribed amount forwarded to the Chief General Manager.
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