All-in-cost ceiling for trade credits increased, permitting higher cost over benchmark for specified maturities; effective immediately. Revision of the all-in-cost ceiling for trade credits raises the permissible cost margin over the six-month LIBOR benchmark for imports, with distinct higher ceilings for maturities up to one year and for those over one year up to three years. The revised ceilings take effect immediately, will be reviewed according to international market conditions, and leave other aspects of trade credit policy unchanged; related regulatory amendments to the Foreign Exchange Management borrowing/lending regulations will follow separately.
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All-in-cost ceiling for trade credits increased, permitting higher cost over benchmark for specified maturities; effective immediately.
Revision of the all-in-cost ceiling for trade credits raises the permissible cost margin over the six-month LIBOR benchmark for imports, with distinct higher ceilings for maturities up to one year and for those over one year up to three years. The revised ceilings take effect immediately, will be reviewed according to international market conditions, and leave other aspects of trade credit policy unchanged; related regulatory amendments to the Foreign Exchange Management borrowing/lending regulations will follow separately.
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