Under this Investment mode we purchase Foreign Bills of the Direct Exporter’s Clients against their export documents/L/C Issuing Bank authenticated Acceptance Letter (through SWIFT).
Objective of the FBP Investment
To meet the unique needs of the clients who approach us for investment against Direct Export Bills drawn in FC to meet up their various expenses.
To promote the import and export business as well as investment business of the Bank.
Eligibility for Investment /Target Group
Direct Exporters who have specific limit and ability to repay investment from their export proceeds.
Spinning Mills, Textiles Mills, garment industries/firms and others firms/industries who supply finished products to the Foreign Importer against Export L/C/Contract.
The clients having overdue investment liabilities will not be eligible of FBP, investment.
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