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Product Description

Under this Investment mode we provide Quard to our Deemed Exporter’s Clients for up to 180 days against L/C Issuing Bank authenticated Acceptance Letter (through SWIFT).

Objective of the QIBP Investment
  • To meet the unique needs of the clients who approach us for investment against Inland Export Bills drawn in FC or in BDT 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
  • Deemed Exporters who have specific limit and ability to repay investment from their export proceeds.
  • Spinning Mills, Textiles Mills, garment accessories/packaging industries/firms and others firms/industries who supply raw materials to the export oriented garments industry against Back to Back L/Cs and other Firms/Industries who supply their goods through inland LC.
  • The clients having overdue investment liabilities will not be eligible of MDB, investment.
Sanction and approval of QIBP Investment.

    Facilities those are allowing under “Quard Against Inland Bill Purchase (QIBP)” must comply the BRPD Circular No. 10 dated 11.07.2012 and other related circulars published by BRPD time to time regarding purchase of Inland Export bills. In order to comply with the above instructions of Bangladesh bank Branches obtain case to case permission from Head office before allowing QIBP investment.

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