(Per cent per annum)
|
| | | | Rates Effective
|
| | | | | | | | | |
| | Export Credit | May 26, | Oct. 29, | Apr. 1, | Aug. 6, | Apr. 30, | Jan. 1, |
|
|
| 2000
| 1999
| 1999
| 1998
| 1998
| 1998
|
|
| 1
| 2
| 3
| 4
| 5
| 6
| 7
|
1. | Pre-shipment Credit | | | | | | |
| | | | | | | | | |
| | i) | Up to 180 days | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 12.00 |
| | | | | | | | | |
| | ii) | Beyond 180 days and up to 270 days | 13.00 | 13.00 | 13.00 | 12.00 | 14.00 | 14.00 |
| | | | | | | | | |
| | iii) | Against incentives receivable from Government | | | | | | |
| | | covered by ECGC Guarantee up to 90 days | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 12.00 |
| | | | | | | | | |
2. | Post-shipment Credit | | | | | | |
| | | | | | | | | |
| | i) | Demand Bills for | Not | Not | Not | | Not | Not |
| | | transit period | exceeding | exceeding | exceeding | | exceeding | exceeding |
| | | (as specified by FEDAI) | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 11.00 |
| | | | | | | | | |
| | ii) | Usance Bills | | | | | | |
| | | (for total period comprising usance period | | | | | | |
| | | of export bills, transit period as specified | Not | Not | Not | | Not | Not |
| | | by FEDAI and grace period wherever applicable) | exceeding | exceeding | exceeding | | exceeding | exceeding |
| | | | | | | | | |
| | | a) Up to 90 days | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 11.00 |
| | | | | | | | | |
| | | b) Beyond 90 days and up to six months from | 12.00 | 12.00 | 12.00 | 11.00 | 13.00 | 13.00 |
| | | the date of shipment | | | | | | |
| | | | | | | | | |
| | | c) Beyond six months from the date of shipment | - | - | - | - | - | 20.00* |
| | | (Min.) | | | | | | |
| | | | | | | | | |
| | iii) | Against incentives receivable | Not | Not | Not | | Not | Not |
| | | from Government covered by ECGC | exceeding | exceeding | exceeding | | exceeding | exceeding |
| | | Guarantee (up to 90 days) | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 11.00 |
| | | | | | | | | |
| | iv) | Against undrawn balance (up to 90 days) | Not | Not | Not | | Not | Not |
| | | | exceeding | exceeding | exceeding | | exceeding | exceeding |
| | | | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 11.00 |
| | | | | | | | | |
| | v) | Against retention money (for supplies portion only) | Not | Not | Not | | Not | Not |
| | | payable within one year from the date of | exceeding | exceeding | exceeding | | exceeding | exceeding |
| | | shipment (up to 90 days) | 10.00 | 10.00 | 10.00 | 9.00 | 11.00 | 11.00 |
| | | | | | | | | |
3. | Deferred Credit | | | | | | |
| | Deferred credit for the period beyond 180 days | Free | Free | Free | Free | Free | Free |
| | | | | | | | | |
4. | Export Credit, not otherwise specified | | | | | | |
| | | | | | | | | |
| | a) | Pre-shipment credit | Free | Free | Free | Free | Free | |
| | b) | Post-shipment credit | 25.00 | Free | 20.00 | 20.00 | 20.00 | 20.00* |
|
|
| (Min.)
|
| (Min.)
| (Min.)
| (Min.)
| (Min.)
|