Foreign Exchange Risk Management Forex Risk Management
Morning Briefing

Risk:
Export Credit Rates

 

RBI Annual Report,
August 24, 1999


Treasury Risk Management

The Colour of Money - Series on Forex Hedging

Current Issue   ::    Archives
Use a Forecast for Budgeting
28th May, 2012


Interest Rates on Export Credit

 
 
 
 

(Per cent per annum)


    

Rates Effective


 

Export Credit

Apr. 1,

Aug. 6,

Apr. 30,

Jan. 1,

 
 
 

1999


1998


1998


1998


 
 

1


2


3


4


5


1.

Pre-shipment Credit

     
            
 

i)

Up to 180 days

10.00

9.00

11.00

12.00

             
 

ii)

Beyond 180 days and up to 270 days

13.00

12.00

14.00

14.00

             
 

iii)

Against incentives receivable from Government

     
  

covered by ECGC Guarantee up to 90 days

10.00

9.00

11.00

12.00

             

2.

Post-shipment Credit

       
             
 

i)

Demand Bills for transit period (as

NE

 

NE

NE

   

specified by FEDAI)

10.00

9.00

11.00

11.00

             
 

ii)

Usance Bills

       
   

(for total period comprising usance period

       
   

of export bills, transit period as specified by

    
  

FEDAI and grace period wherever applicable)

    
       
   

NE

 

NE

NE

   

a) Up to 90 days

10.00

9.00

11.00

11.00

             
  

b) Beyond 90 days and up to six months from

       
   

the date of shipment

12.00

11.00

13.00

13.00

             
 

iii)

Against incentives receivable from Government

NE

 

NE

NE

  

covered by ECGC Guarantee (up to 90 days)

10.00

9.00

11.00

11.00

             
             
             
 

iv)

Against undrawn

NE

 

NE

NE

  

balance (up to 90 days)

10.00

9.00

11.00

11.00

             
 

v)

Against retention

       
   

money (for supplies

       
   

portion only) payable

       
  

within one year from

       
   

the date of shipment

NE

 

NE

NE

   

(up to 90 days)

10.00

9.00

11.00

11.00

             

3.

Deferred Credit

       
             
 

Deferred credit for the

       
 

period beyond 180 days

Free

Free

Free

Free

       

(FDA)

(FDA)

(FDA)

             

4.

Export Credit not

       
 

otherwise specified

       
             
 

a)

Pre-shipment credit

Free

Free

Free

Free



FDA From the date of advance.
NE Not Exceeding.
Min. Minimum.
Note: 'Free' means banks are free to charge interest at rates decided by them.
 
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