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(Per cent per annum)
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Export Credit
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Rates Effective
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May 1,
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September 26,
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May 5,
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January 6,
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May 26,
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October 29,
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April 1,
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August 6,
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April 30,
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January 1,
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2003
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2001#
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2001#
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2001
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2000
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1999
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1999
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1998
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1998
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1998
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1
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2
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3
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4
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5
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6
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7
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8
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9
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10
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11
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1.
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Pre-shipment Credit
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i)
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Up to 180 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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10.00
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10.00
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10.00
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10.00
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9.00
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11.00
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12.00
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ii)
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Beyond 180 days and up to 270 days
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Free
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< PLR+0.5 PP
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< PLR+1.5 PP
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13.00
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13.00
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13.00
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13.00
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12.00
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14.00
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14.00
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iii)
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Against incentives receivable from Government
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covered by ECGC Guarantee up to 90 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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10.00
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10.00
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10.00
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10.00
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9.00
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11.00
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12.00
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2.
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Post-shipment Credit
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i)
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Demand Bills for transit period
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(as specified by FEDAI)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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ii)
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Usance Bills
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(for total period comprising usance period
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of export bills, transit period as specified by
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FEDAI and grace period wherever applicable)
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a) Up to 90 days
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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b) Beyond 90 days and up to six months from
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Free
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< PLR+0.5 PP
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< PLR+1.5 PP
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12.00
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12.00
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12.00
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12.00
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11.00
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13.00
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13.00
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the date of shipment
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c) Beyond six months from the date of shipment
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–
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–
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–
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–
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–
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–
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–
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–
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–
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20.00 ##
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(Min.)
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iii)
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Against incentives receivable from Government
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covered by ECGC Guarantee (up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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iv)
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Against undrawn balance (up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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v)
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Against retention money (for supplies portion only)
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payable within one year from the date of shipment
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(up to 90 days)
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< PLR-2.5 PP
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< PLR-2.5 PP
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< PLR-1.5 PP
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< 10.00
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< 10.00
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< 10.00
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< 10.00
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9.00
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< 11.00
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< 11.00
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3.
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Deferred Credit
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Deferred credit for the period beyond 180 days
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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(FDA)
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(FDA)
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4.
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Export Credit, not otherwise specified
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a)
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Pre-shipment credit
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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Free
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b)
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Post-shipment credit
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Free
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Free
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Free
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Free
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25.00
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Free
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20.00
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20.00
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20.00
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20.00
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(Min.)
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(Min.)
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(Min.)
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(Min.)
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(Min.)
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FDA :
From the date of advance.
<:Not Exceeding
Min. : Minimum.
– : Not Applicable.
PP : Percentage points.
# :These are ceiling rates, banks would be free to charge any rate below
the ceiliing rate.
## :Chronic cases, i.e. , overdues as on July 1, 1997 are exempted.
Note : ‘Free’ means banks are free to charge interest rates keeping
in view the PLR and spread guidelines. |