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Enhancing Efficiency: Guidelines for All-in Cost Ceiling for Foreign Trade Finance
March 4, 2024To streamline foreign trade finance and align with global market trends and prevailing interest rates, an annual all-in cost ceiling has been established. This ceiling will include a markup of 4% over the benchmark rate, such as the Secured Overnight Financing Rate (SOFR), Euribor, etc., and will apply to the respective foreign currency for short-term permissible trade finance.
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