Rediscounting of Export Bills Abroad (EBRD)
Features
Provided to exporters for discounting of export bills at rates linked to internationally competitive interest rates at post shipment stage.
Rate of interest is linked to ARR
No margin generally for bills under LC's and period of the facility is upto 12 months
Eligibility
- Applicant shall be an Exporter
- All Corporates having turnover of Rs.500 Crores and above.
Security
Primary
- Document of title to the goods
Collateral
- Extension of charge over current assets / fixed assets
- Additional tangible security such as immovable properties / bank deposits etc.
Others
- Personal guarantee of proprietors / partners / promoters
- Corporate guarantee
- ECGC cover (required on a case to case basis)
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