| 1. |
Pre-Shipment Credit |
Interest Rate for all Gold Card
Customers |
| a) |
Up to 180 days |
Not exceeding 0.75% over LIBOR/EURO LIBOR/EURIBOR |
| b) |
Beyond 180 days and up to 360 days |
Rate for initial period of 180 days prevailing at the time of
extension plus 2.0 percentage points |
| 2. |
Post-Shipment Credit |
|
| a) |
On demand bills for transit period (as specified by FEDAI) |
Not exceeding 0.75% over LIBOR/EUROLIBOR/EURIBOR |
| b) |
Usance bills (for total period comprising Usance period of
export bills, transit period as specified by FEDAI and grace period wherever applicable)Up
to 6 months from the date of shipment |
Not exceeding 0.75% over LIBOR/EUROLIBOR/EURIBOR |
| c) |
Export bills (demand or usance) realized after due date but
up to date of crystallization |
Not exceeding 0.75% over LIBOR/EUROLIBOR/EURIBOR Rate for
2(b) above plus 2.0 percentage points
|
| 3. |
Export Credit Not otherwise
specified (ECNOS)
** For over due period only |
|
| a) |
Pre-shipment credit |
LIBOR+4% |
| b) |
Post-shipment credit |
LIBOR+4% |
