NSE: 

Rediscounting of Export Bills Abroad (EBRD)

Rediscounting of Export Bills Abroad (EBRD)

EBRD is provided to exporters for discounting of export bills at rates linked to internationally competitive interest rates at post shipment stage.

  • Features
  • Eligibility
  • Security
  • 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 LIBOR
  • No margin generally for bills under LC's
  • Period of the facility is upto 12 months
  • Applicant shall be an Exporter
  • All Corporates having turnover of Rs.500 Crores and above.
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)