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Rediscounting of Export Bills Abroad (EBRD)

Features

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Provided to exporters for discounting of export bills at rates linked to internationally competitive interest rates at post shipment stage.
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Rate of interest is linked to ARR
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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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