Import Letter of Credit (L/C) Facility
A credit facility allowing importers to open Letters of Credit by paying a margin of the total value.
👥 Purpose: To support customers engaged in import business.
💼 Key Features:
-
- Minimum margin is typically 30%, but can be lower for prominent customers.
- Can be one-time or revolving.
- Annual review required.
- The Bank’s advance (net of margin) must not exceed the approved facility limit.