Revision of Financing Rates under the Export Finance Scheme (EFS)
Monday, January 3, 2011
Please refer to SMEFD Circular No. 13 dated September 30, 2010 on the captioned subject.
It has been decided that rate of refinance under the Export Finance Scheme applicable from January 1, 2011 and onward till further instructions shall be 10.00% p.a. The commercial banks shall ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export Finance Scheme, their maximum margin / spread does not exceed 1% p.a.
The financing facilities under Part-B (Export Sales) of the Scheme for financing Locally Manufactured Machinery shall also attract similar mark up rate structure.
The reimbursement of mark-up rate benefit to exporters, on excess performance under Part-II of the Scheme, as specified in SMEFD Circular No.15 dated October 31, 2009, will be adjusted accordingly keeping in view the revised mark-up rates.
Labels: Export Finance Scheme, SBP
posted @ 11:15 AM,
1 Comments:
-
At September 23, 2011 at 1:38 AM,
Chris Ricci said...
-
These financial rates can also help individuals! However, big companies use them more often as a basis for their products' prices. It's good to consider the economic factors when pricing products.
Post a Comment